PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs need to remain compliant with increasingly complex financial regulations. SMBs And Manual Tax Frustrations.

Taxes 141

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PYMNTS

MARCH 12, 2019

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ).

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PYMNTS

DECEMBER 12, 2017

Airbnb , the short-term, home-sharing site, has removed a payment system in France that was deemed controversial. The company told the newswire that less than 1 percent of hosts in the country of France use the system. Still, it decided to remove the card, following “concerns [that it was] tied to possible debit card abuse.”

System 100

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PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. Because digital currency is so new, regulations vary around the world.

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PYMNTS

NOVEMBER 18, 2018

A “link tax” might mean the end of Google News in the EU. Richard Gingras, the search engine’s vice-president of news, said while “it’s not desirable to shut down services” the company isn’t happy with Brussels’ current proposal to charge a link tax for using news stories. In July, Google was hit with a $5.1

Taxes 144

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PYMNTS

DECEMBER 7, 2020

UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. Regulators also called out the tech company’s warranty terms for not covering water damage. Canada Looks to Tax International Tech Firms.

Apple 143

Apple Regulation Taxes Marketing 143

Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. How can your transaction monitoring system detect trending COVID-19 related fraud? SBA Lending.

Fraud 195

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PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . EU Renews Demand for Back Taxes on Apple’s Ireland Ops. billion back-tax bill in Ireland.

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PYMNTS

JANUARY 16, 2020

“In order for there to be mass adoption, the path forward is a regulated, compliant exchange system that clients have become accustomed to in traditional finance.”. The tax is called a retention tax, which is an income tax paid to the government by the income payer and not its recipient. 16) by Cointelegraph. .

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Abrigo

AUGUST 19, 2020

Imposter scams, money mule schemes, tax fraud, charity solicitations, and cybercrime exploitation methods have all found solid ground to twist a known fraud typology in something that looks legitimate during the fears of the pandemic. How can your transaction monitoring system detect trending COVID-19 related fraud? Card Fraud.

Fraud 195

Fraud System Trends Software 195

PYMNTS

FEBRUARY 16, 2020

Facebook is something in between a newspaper and a telecommunications company, said CEO Mark Zuckerberg , and he wants it to be regulated accordingly, The Wall Street Journal reported. He has recently signaled that he would support Facebook paying higher taxes in Europe.

Guidelines 131

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PYMNTS

DECEMBER 11, 2018

According to a report in CNBC , citing the report published by the ACCC, the government watchdog listed a series of remedies, which include creating a government agency that would be tasked with regulating how the likes of Facebook and Google publish news on their platforms.

Google 148

Google Regulation Taxes Analysis 148

PYMNTS

JUNE 20, 2018

Peer-to-peer car-sharing services might soon face the same regulation as traditional car rental companies. This month, for example, Maryland passed a bill that requires car-sharing companies to comply with regulations similar to rules for car rental companies, including paying sales tax.

Regulation 100

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PYMNTS

JANUARY 24, 2021

Cygnet Infotech promotes FACE as a product that handles not only conventional accounting processes, but also provides specialized handling of challenges around goods and services taxes. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws.

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PYMNTS

SEPTEMBER 5, 2016

After some years of fighting any and all attempts on taxation, digital merchants seem to have made their peace with paying taxes and are starting to fall into line around the Online Sales Simplification Act of 2016. The letter of support requests Congress to “bring certainty and rationality” to the online tax situation.

Taxes 100

Taxes Online Retail Branding 100

PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. He urged policymakers to ensure that the highest level of regulation is applied to such assets.

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PYMNTS

NOVEMBER 7, 2019

Consumers around the world log in to eBay with their Facebook profiles, purchase lunches with Apple Pay and in some cases pay their taxes or register to vote with government-provided digital identities. The ethical questions digital ID systems generate are numerous and largely without simple answers or solutions. as a guideline.

System 131

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PYMNTS

FEBRUARY 12, 2019

Indian activists with the New Delhi-based Centre For Accountability And Systemic Change (CASC) and right-wing activist K.N. Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters.

Taxes 108

Taxes Google social media Groups 108

PYMNTS

DECEMBER 8, 2019

We have used our own blockchain-based bond issuance system in the process,” the bank said in the statement, according to CoinDesk. This is also the first bond issuance ledger system that is based on blockchain in the country.”. The two-year bond will come to the market with 3.25 percent coupon rate. “We

blockchain 132

blockchain Bitcoin Taxes cryptocurrency 132

PYMNTS

JUNE 9, 2019

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe. The meeting also resulted in the Group of 20 finance ministers announcing they will work together to create common rules to close corporate tax loopholes.

Industry 190

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TheGuardian

DECEMBER 1, 2022

Officials named on Magnitsky lists as well as criminals can easily access global finance systems, study finds Criminals including terrorists and tax evaders, as well as government officials subject to sanctions, can easily breach regulations meant to bar them from the international finance system, a study has found.

Austin 94

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PYMNTS

DECEMBER 10, 2020

Several companies, including Twitter , are urging European Union regulators to “defend the Open Internet.” Beyond addressing the problem of illegal and harmful internet content, there are questions regarding antitrust rules as well as how to reform the tax system. Strict rules must be enforceable,” he said.

Company 225

Company Regulation Taxes Regional 225

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue.

El Paso 195

El Paso Miami United States New York City 195

BankBazaar

DECEMBER 12, 2023

While NPS is an investment that is linked to the market and is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). lakh annually with tax breaks under Section 80C. This stability and tax efficiency appeal to risk-averse investors, evident in the current 7.1% return rate. PPF or NPS?

Taxes 78

Taxes National Marketing Regulation 78

Abrigo

JANUARY 17, 2023

The customer portal for requesting financials and tax returns. Second, as documents arrive from the customer, the system has the capability to file these documents within the system in the proper place, automatically. Loan Review and regulators love this as well. This has several bonuses. Automated workflows.

Lending 195

Lending System Customer Experience Case Study 195

PYMNTS

SEPTEMBER 20, 2020

In Brussels, regulatory officials are considering a monitoring system that would allow the public to rate companies’ tax compliance and how quickly they remove illegal content, FT reported. Breton said regulators in Brussels are preparing a list of activities that tech companies would be required to eliminate.

Compliance 175

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Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. The regulators don’t care what your budget is,” Luttrell says. learn more. “Mr.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

OCTOBER 5, 2020

Regulation. The General Court judgment raises important legal issues that are of relevance to the Commission in its application of State aid rules to tax planning cases,” Executive Vice President Margrethe Vestager said in the statement. Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations. 25 statement.

Data 229

Data Google Compliance Apple 229

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. firms, said Jared King, founder and CEO of accounts receivable firm Invoiced. While the U.S.

Regulation 101

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PYMNTS

APRIL 30, 2019

A venure that would make it easier for consumers to pay for purchases in bitcoin is applying for a license from New York state regulators. “This structure will provide the first end-to-end regulated environment for price discovery of crypto — ? Suspension, Taxes and a Breach.

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PYMNTS

SEPTEMBER 12, 2019

billion — 91 percent — of those penalties, while European regulators demanded $1.7 FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. Others might find it burdensome to invest in new software and systems and change existing processes.

Fraud 189

Fraud Fintech Compliance Regulation 189

Gonzobanker

JUNE 18, 2019

Welcome to the sleepy world of core banking systems. The banking industry has become accustomed to baby steps in core systems development, with a truly new product rolling out only once every few years. However, a new era of core systems competition is about to begin with almost everything on the table for change.

System 87

System Strategy Technology Industry 87

PYMNTS

AUGUST 14, 2019

New Zealand tax authorities published a ruling this month that includes guidance for employers that wish to pay their staff in cryptocurrency. Tax regulators noted that businesses can use foreign exchanges to facilitate their crypto payments, and offered guidance on how to calculate PAYE taxes and levies when paying in crypto. “If

cryptocurrency 134

cryptocurrency Taxes Bitcoin blockchain 134

Abrigo

SEPTEMBER 1, 2021

financial system by relying on professional money laundering networks. TBML involves the exploitation of the international trade system for the purpose of transferring value and obscuring the true origins of illicit wealth. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. Going Forward.

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FICO

DECEMBER 21, 2018

These leaks disclosed a large number of people who run businesses in an offshore country, in many cases to illegally avoid tax payments. To comply with tax regulations, it is a must for a bank to check customers against these lists to avoid non-compliance, a damaged reputation and the support of illegal activity.

Taxes 40

Taxes Compliance Regulation System 40

PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”.

Data 212

Data Bitcoin cryptocurrency Taxes 212

PYMNTS

DECEMBER 19, 2019

A total of 41 apps were found to be not in compliance of user data rules, according to regulators, and violations included improperly collecting or using information about visitors to their services. In other recent crackdowns by China’s Communist authorities, companies have faced increasingly steep control and regulation by the government.

social media 130

social media Regulation Exercises Policies 130