PYMNTS

JANUARY 7, 2020

OneConnect used Guangdong’s “digital government” tech resources, as well as its own blockchain tech, AI and Big Data, to create the platform — which has access to data in 213 categories from 26 departments of government, and has connected with 129 financial institutions in the China province.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. billion — 91 percent — of those penalties, while European regulators demanded $1.7 resources.

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

MARCH 9, 2020

billion, prior to taxes and other charges. The arrangement still must receive approval by regulators in Malaysia and Thailand. South Korea and Japan, and also relinquished some control of its Chinese operations as of 2011. Tesco Lotus has approximately 74 locations in Malaysia and 2,000 locations in Thailand. in the U.K.

Groups 130

Groups Taxes Resources Operations 130

PYMNTS

MAY 6, 2020

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. TurboTax is among the platforms seeking to make it easier for U.S. About the Tracker.

Online 222

Online Taxes United States Industry 222

PYMNTS

MAY 3, 2016

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. Fields, chair of Morrison & Foerster LLP’s state and local tax group, told Bloomberg BNA.

South Dakota 100

South Dakota Taxes Online North Dakota 100

Abrigo

MARCH 22, 2023

Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

MARCH 19, 2018

Plattsburgh, the small upstate New York town, has placed a temporary halt on cryptocurrency mining in an effort to preserve natural resources, the health of the residents of the town and the so-called “character and direction” of the small city. The city council said it needs the 18 months to consider zoning laws and lighting regulations.

Bitcoin 136

Bitcoin cryptocurrency Resources New York 136

PYMNTS

MAY 9, 2019

Operational pain points are often not addressed until they have to be addressed, then, because of that neglect, they suddenly require all sorts of investments in terms of time and money. In addition, local regulations may govern the particulars of a transaction, said Amit, mandating the types of information that need to be included.

Resources 177

Resources Management Payments Operations 177

PYMNTS

APRIL 19, 2019

payroll processing company Payescape , said this area of the back office may have a larger influence on how accountants operate than some may believe. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. However, Steven Jones, business development manager of U.K. In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

Abrigo

JULY 17, 2017

Requirements for delivering an advisory service “can differ quite a bit depending on the type of advisory service,” he says, given the differences between risk advisory services, tax planning, or performance management consulting, for example. Consequently, the methodology that will be the backbone of the service deserves some focus.

Honolulu 150

Honolulu Taxes eBook Leadership 150

Abrigo

FEBRUARY 23, 2023

In such an environment, community banks should focus on the power of their relationships with customers, according to Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking; lending, loan review, back-room operations, portfolio management, portfolio analytics, and credit policy. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

AUGUST 20, 2019

That’s especially important as businesses gain scale, as they expand reach into new geographic areas — and as they grapple with AP operations. One solution may address tax issues, another currencies, and so on — and that approach, he said, works well for larger firms, but decidedly less well for everyone else.

Management 127

Management Payments Taxes Software 127

Jeff For Banks

MARCH 5, 2021

According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points. Another challenge is imposed by the very government that tries to assist LMI households: regulation. Since a bank can't cut regulation, they trim their branch network to lower those costs.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

PYMNTS

SEPTEMBER 26, 2018

Ether, for instance, seems to have dropped in value, just as many organizations that had previously raised funds in Ether via ICO “cash out” so as to finance their operations and pay for expenses, Bloomberg said. This week, U.S. It’s another gap in the market giving rise to FinTech firms addressing this issue.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

NOVEMBER 20, 2020

Come auditing and tax time, maintaining compliance with all of the varying local regulations across different geographies adds an extra layer of complexity. At the same time, parent organizations must consolidate this data to obtain a holistic view of finances across entities.

Compliance 154

Compliance Data Trends Payments 154

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. And we’re not just talking about cyberattacks. 40% more cyberbreaches impacted U.S. businesses in 2016 than the year prior, found CyberScout.

Survey 100

Survey Taxes Groups Analysis 100

PYMNTS

JULY 31, 2017

Regulators are reportedly inquiring about how a lawyer for wealthy customers of Wells Fargo came to access so large a trove of customer information. Regulators have reportedly informally reached out to the attorneys involved in the lawsuit underlying the release of information to figure out how the data breach happened.

Taxes 100

Taxes Data Security Report 100

PYMNTS

JANUARY 22, 2018

“Just think about a standardizing and cutting-edge IT system, and the resources needed to run it.” Regulation is a massive component, Deleval said – and with mid-market firms operating and traveling across various markets, the regulatory environment shifts from place to place.

Management 116

Management Compliance Taxes Marketing 116

Abrigo

NOVEMBER 7, 2019

For CECL, Schroeder explained, the board looked at a range of solutions, from ignoring losses to fair value, and examined each solution to determine if it was operable, understandable, and auditable. Schroeder suggests working with bank auditors and regulators to ensure they understand the strategy and plan for implementing the standard.

Community Bank 150

Community Bank Community Lending Analysis 150

PYMNTS

OCTOBER 17, 2018

This forces many operations to continue using cash. Marijuana retailers] want to think about growing their businesses, enhancing operations and taking care of their employees,” she said. They don’t want to spend half their day moving money around and worrying about their employees getting paid in cash.”.

Colorado 126

Colorado Massachusetts US Industry 126

Abrigo

DECEMBER 27, 2022

You might also like this resource: "BSA/AML Risk Assessment Checklist." Digital assets (cryptocurrencies ): Although digital asset scams are primarily consumer issues, customer accounts may start to intersect with business operations where digital assets are concerned. DOWNLOAD .

Fraud 195

Fraud Trends cryptocurrency Software 195

PYMNTS

MARCH 16, 2018

Certainly regulations like PSD2 and the U.K.’s There is a culture of banking innovation; they understand what their core competencies are,and where to allocate resources most effectively.”. It’s also about having accurate, reliable rates trusted by global tax authorities.”.

Risk Management 134

Risk Management Survey Management Fintech 134

Abrigo

JANUARY 14, 2021

payroll, tax forms) Employee/employer collusion Newly created and/or multiple bank accounts with abnormal transaction activity Consumer accounts rather than business accounts Rapid movement of money in and out of accounts Withdrawals made via cash or apps (i.e., Following the use of funds may lead somewhere other than what is expected.

Fraud 195

Fraud Compliance Community Trends 195

CFPB Monitor

JULY 21, 2022

As we will discuss, it applies the BSA to persons providing corporate formation, trust, third-party payment, or similar legal or accounting services.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “For a small business to start, sustain and scale operations, they need a ‘friend in court,’ so to speak.”

Lending 136

Lending New York Online New Jersey 136

BankUnderground

NOVEMBER 8, 2023

In a new working paper , we show that cap-and-trade schemes lead to lower volatility in GDP and financial variables, and result in reduced welfare costs of the business cycle , when compared to the more widely known carbon taxes. These firms acquire capital by pooling their financial resources and taking loans from banks.

Policies 65

Policies Regulation Taxes Compliance 65

PYMNTS

JUNE 26, 2020

Large and small firms’ operations have been thoroughly disrupted by the past months’ events. All must still maintain financial relationships with what could be considered their most precious resource: their employees. These are naturally important considerations when economic and regulatory environments are in flux.

Tools 130

Tools Cards United States Innovation 130

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations. he said. .

Taxes 131

Taxes Policies Compliance Retail 131

PYMNTS

FEBRUARY 10, 2017

It’s an ambitious plan, but being at the center of Europe — where corporates, startup resources and policy makers all converge — and having a buzzing hub of entrepreneurship provide a strong foundation for the country’s digital revolution goals. However, there are some challenges that startups operating in Brussels do have to overcome.

Capital 100

Capital Regional Innovation Fintech 100

Independent Banker

AUGUST 27, 2015

It can help your community bank’s most valued customers create, grow and preserve wealth; plan for the distribution of wealth during life in the most tax-advantaged way; and plan for the distribution of wealth at death in the most tax-advantaged way.

Community Bank 70

Community Bank Florida Community Taxes 70

CFPB Monitor

MARCH 24, 2020

Enter into a tax allocation agreement with the ILC that includes certain provisions, including an express statement that an agency relationship exists between the Covered Company and the ILC with respect to tax assets generated by the ILC. Enter into any contract for services material to the ILC’s operations (e.g.,

FDIC 60

FDIC Taxes Industry Policies 60

Jeff For Banks

DECEMBER 23, 2016

For example, in my firm's profitability measurement service for community financial institutions, credit unions make 80-90 basis points pre-tax profit on consumer loans, while banks make an anemic 5-10 basis points. But the tax thing. Credit unions tend to deliver profits on smaller balance accounts. Bankers' can't get over it.

Taxes 60

Taxes Meeting Resources FDIC 60

PYMNTS

OCTOBER 14, 2016

A hacker group, Redhack, claimed to have accessed the email account of Turkey’s minister of energy and resources. Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license.

Bitcoin 100

Bitcoin Conference New Hampshire blockchain 100

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. Retailers are entering new markets at a time when regulations are becoming more complex and costly, not less.

Branding 322

Branding Taxes Fraud Regulation 322

FICO

FEBRUARY 27, 2019

Most respondents (62%) said that a lack of resources was the biggest reason APAC banks remained exposed; 25 percent cited a lack of expertise while 13 percent indicated it was political constraints imposed by government. Tax Evasion: Have We Learned the Panama Papers Lesson? Asian Money Laundering Scandals: AML Solution Capabilities.

Compliance 45

Compliance Regional Survey Analytics 45

Lex Sokolin

FEBRUARY 2, 2022

Brain activity is always *ON* in the same way that your computer is always running background software for its operating system. Those stories make meaning, and drive how we allocate the scarce resource of attention, thereby choosing which things are salient to us to achieve our goals. calorically, evolutionarily?

National 52

National Google Regulation US 52

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. It also creates its own products and has its own back-office operations. By doing so, they can log in to an accounting platform and complete their tax return in a few minutes.

Fintech 181

Fintech Mobile Examples Data 181