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Report: FinCEN Files Reveal Billions In Suspicious Money Flows

PYMNTS

“Some of these people in those crisp white shirts in their sharp suits are feeding off the tragedy of people dying all over the world,” Martin Woods, a former investigator for Wachovia, the North Carolina-based financial services company that was acquired by Wells Fargo & Co., told the news outlet.

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As GDPR Entrenches, Some Regulators Seek Exemptions

PYMNTS

Just a few weeks in, the data privacy law that has just taken root in the European Union already has some regulators seeking exemptions around the globe. Pertaining to investigations, the regulation – which took effect on May 25 – places restrictions on the data that can be shared internationally in the “public interest.”

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Drone Company Flytrex Secures $7.5 Million

PYMNTS

The money, according to company CEO and Co-founder Yariv Bash, will be utilized to beef up operations and make improvements to the company’s drone services. Flytrex also has plans to expand into North Carolina. However, some people are trying to change those regulations.

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Food In Flight: Delivering Mobile Orders By Drone

PYMNTS

That’s a problem that drone delivery company Flytrex is aiming to solve in partnership with the North Carolina Department of Transportation (NCDOT). The data we’re providing [the FAA will] allow what we’re doing in North Carolina to be possible throughout [the] whole country,” Yap said. We’re at the leading edge.”.

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Bitcoin Daily: Sygnum Crypto Firm To Seek Singapore Banking License; US Air Force Teams With Constellation Blockchain Firm

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The company, which is based in both Switzerland and Singapore, has been talking with regulators and petitioned for a capital markets services license, which will allow the firm to offer asset management as a first step into financial services, co-founders Mathias Imbach and Gerald Goh said, according to Deal Street Asia. “In

Bitcoin 101
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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Security measures to deter and detect cyber-attacks.

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Wu-Tang Financial Is Here — Finally

PYMNTS

Less enthusiastic for ICOs are the Securities and Exchange Commission (SEC) and other global regulators around the world, who have all noted that ICOs seem to be a fast way for firms promising to do something with the blockchain to raise a lot of funds without having to answer the tough questions. All ten of them.