Abrigo

JULY 27, 2023

Takeaway 2 In banking, regtech can help financial institutions cut down on manual processing times and stay on top of evolving regulatory requirements. It helps BSA Officers and AML/CFT staff collect more data faster, giving them access to real-time analytics and helping them form data-driven strategies for combatting financial crime.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

JANUARY 21, 2021

“But we hope that this question will be resolved soon,” Sergey Popov, Sberbank’s director of the Transaction Business, said at a local financial event in Russia, according to Cointelegraph. Cryptocurrency payments are only supported in some countries, such as the U.S., and Singapore, The Block noted. Meanwhile, Nebraska Sen.

Nebraska 142

Nebraska Bitcoin cryptocurrency blockchain 142

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? The payment rail has some built-in anti-fraud capabilities.

Fraud 195

Fraud Payments Security Resources 195

Abrigo

DECEMBER 28, 2022

Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . Abrigo, a leading technology provider of software solutions for financial institutions, published more than 85 unique articles on its industry-focused blog in 2022.

Fraud 195

Fraud Training Compliance Regulation 195

CFPB Monitor

MARCH 19, 2019

In each case, the offenders allegedly engaged in financial schemes that targeted or largely affected seniors. s City of London Police to investigate and prosecute perpetrators of technical-support fraud. The sweep also had a public education campaign focused on technical-support fraud. The DOJ partnered with the FBI, U.S.

Fraud 96

Fraud Security Conference Regulation 96

Abrigo

SEPTEMBER 20, 2023

How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends. 1st-party fraud is one typology that continues to cause losses for financial institutions and their clients.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

JANUARY 13, 2021

Andy Street , mayor of the West Midlands, said the new bank will bring a “great boost for the region’s economy and will play an important role in supporting local business and enterprise,” the report stated.

Exercises 176

Exercises Regional Report Groups 176

Gonzobanker

JUNE 7, 2023

Two things pop: Charlie lets customers receive their Social Security checks up to four weeks early without paying fees or interest, and the startup – which partners with Sutton Bank – offers phone support. According to AARP research, 56% of adults 50 and older made financial transactions on their smartphones in 2022. The need is there.

Los Angeles 133

Los Angeles Fintech Digital Banking Tools 133

PYMNTS

SEPTEMBER 24, 2020

Remittances are a lifeline for many individuals around the world, with workers overseas in developed countries frequently sending money back home to support families in emerging economies. Digital KYC solutions may be one important piece of this puzzle for financial companies that offer international money transfer apps.

Compliance 223

Compliance Tools Fraud Regulation 223

Independent Banker

AUGUST 31, 2022

It covers the basic rights, liabilities and responsibilities of consumers who use electronic fund transfer (EFT) services and of financial institutions or other persons that offer the services. No discussion of bank compliance would be complete without mention of the Unfair, Deceptive or Abusive Acts or Practices (UDAAP) Act.

Community Bank 91

Community Bank Regulation Community Training 91

PYMNTS

JULY 16, 2019

In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”. We will not allow digital asset service providers to operate in the shadows.”.

National 187

National Security cryptocurrency US 187

PYMNTS

AUGUST 28, 2019

And Telegram reportedly has plans to release its own crypto, while Lloyds Bank is forming a team to fight domestic financial abuse. Lloyds To Launch Support Team To Fight Financial Abuse. Lloyds Bank is forming a team to fight domestic financial abuse by offering help to victims. The Washington D.C.-based

Tools 108

Tools Policies Exercises cryptocurrency 108

PYMNTS

JULY 31, 2019

The Financial Conduct Authority (FCA) has issued updated guidance on the U.K.’s Commentators in the UK expressed their support of the new guidance. And Matthew Pollard, chief financial officer of Archax, an upcoming trading platform for security tokens, said that “the FCA continues to cautiously tackle digital assets.

Regulation 187

Regulation cryptocurrency Bitcoin Retail 187

FICO

JUNE 15, 2021

It’s June, a special month for honoring loved ones, especially parents and grandparents by raising Elder Abuse Awareness. World Elder Abuse Awareness Day is officially June 15th and it’s an ideal time to educate oneself on how to protect elders from becoming victims of financial abuse.

Fraud 98

Fraud Capital Marketing Analysis 98

PYMNTS

JUNE 7, 2019

The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. As a policy matter, we support the Bureau’s goal of ending abusive payday lending practices by nonbank lenders. The Credit Union National Association (CUNA) also said it supports the delay, however, the organization called for a delay of the entire rule.

Compliance 134

Compliance Lending Policies Meeting 134

PYMNTS

DECEMBER 8, 2020

The top banking and insurance watchdog in China is looking to crack down on the perceived Big Tech monopoly of financial data and further curb abuses of power, and will especially examine the “spillover” cross-sector between financial and technology. Top Chinese Watchdog Warns More Big Tech Rules Looming.

San Francisco 130

San Francisco Community Bank Video Capital 130

CFPB Monitor

MAY 7, 2020

The second amendment requires a CRA to reinvestigate a debt if the consumer provides documentation that the debt is the result of “economic abuse.” ” In its amicus brief, AFSA argues that the Maine amendments are preempted under the FCRA’s express preemption provisions.

Maine 78

Maine Report Resources Policies 78

CFPB Monitor

APRIL 16, 2021

a debt settlement company, alleging that the company engaged in abusive acts or practices in violation of the Consumer Financial Protection Act and also violated the Telemarketing Sales Rule. The proposed order requires SettleIt to pay consumer redress of at least approximately $646,000 and a $750,000 civil money penalty.

Company 78

Company California Marketing 78

PYMNTS

MARCH 24, 2020

Arkose said the new funding will empower its fight to bankrupt the business of online fraud and abuse. With Arkose’s end-to-end anti-fraud platform, enterprises across the globe can better protect against fraud and abuse long term.”. The Microsoft fund, dubbed M12, joins existing investors PayPal and U.S. Venture Partners.

San Francisco 101

San Francisco Fraud Resources Online 101

PYMNTS

OCTOBER 8, 2018

The individual responsible for this incident has been terminated from their position, and we are supporting law enforcement in their prosecution,” an Amazon spokeswoman said in a statement. She added that the company has zero tolerance for those that abuse the systems. “If

Texas 192

Texas Data Policies System 192

Abrigo

DECEMBER 8, 2021

It is essential to include the board of directors when financial institutions complete their annual employee training. As trustees of your financial institution, each pillar is critical to the board. The following topic points can help your financial institution guide discussions and create a customized board training.

Training 195

Training Resources Video Compliance 195

CFPB Monitor

JANUARY 13, 2020

The New York Department of Financial Services has announced the creation of a new Consumer Protection Task Force within the NYDFS.

New York 78

New York Regulation Policies Industry 78

CFPB Monitor

JUNE 10, 2022

The Consumer Financial Protection Bureau (CFPB) recently highlighted its concerns regarding the use of military allotments for loan repayment, inviting servicemembers who believe they have been treated unfairly by companies seeking repayment through the military allotment system to file complaints with them so that they can investigate further. .

System 78

System Lending Payments Compliance 78

PYMNTS

MARCH 11, 2020

This year also kicked off the implementation of the Fifth Anti-Money Laundering Directive (5AMLD), which included among its provisions requirements that cryptocurrency companies be more vigilant in preventing financial crimes from being committed over their platforms. Around The AML/KYC World.

Fraud 150

Fraud Payments Guidelines Regulation 150

Abrigo

NOVEMBER 2, 2021

Takeaway 1 Financial institutions should be prepared for changes due to AMLA and its significance in AML laws. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. anti-money laundering laws and priorities, and financial institutions must be prepared for the changes.

Compliance 195

Compliance Regulation Resources Policies 195

CFPB Monitor

AUGUST 11, 2022

The CFPB has issued an interpretive rule that addresses when digital marketing providers are “service providers” subject to the Consumer Financial Protection Act, including the CFPA’s prohibition on unfair, deceptive, or abusive acts or practices. . the amount a firm is willing to pay to display the ad).

Marketing 78

Marketing Strategy Groups Examples 78

PYMNTS

FEBRUARY 4, 2020

In a statement, CSI President David Disque said the integration “offers our customers more opportunities to deliver supplier payments and strengthen trade relationships,” highlighting the ability for technology that eases friction for both AR and AP to support stronger buyer-supplier collaboration. Supply Chain Finance Comes Under Fire.

Cards 131

Cards Management Tools Payments 131

Abrigo

JUNE 28, 2023

DOWNLOAD Takeaway 1 Board members have a responsibility to maintain a safe and sound financial institution, and they rely on the BSA Officer's reports to help. This article describes several reports that provide financial institution boards with vital information about the fraud and AML/CFT program. Top of the funnel CTA.

Compliance 195

Compliance Fraud Report Trends 195

PYMNTS

AUGUST 2, 2018

Abuses in the mortgage-backed securities industry led to a financial crisis that devastated millions of Americans,” said Acting U.S. As a result, the firm loosened its requirements for originating stated income loans, which is when a borrower states their income without providing any supporting documentation.

United States 106

United States California Security Fraud 106

Independent Banker

FEBRUARY 28, 2023

Valley Bank offers financial literacy education to women through Hoving Home. Valley Bank is working side by side with Walter Hoving Home, a place of refuge for women struggling with addiction and other personal challenges, to offer residents financial empowerment. By Roshan McArthur For Valley Bank in Wayne, N.J.,

Austin 91

Austin Las Vegas Community Management 91

PYMNTS

NOVEMBER 8, 2019

Chopra wrote in support of the creation of the “ FedNow Service,” a real-time scheme currently being considered. The vague and scant details on the tech platform’s proposed shadow global central bank have sounded international alarm bells, particularly in light of Facebook’s ongoing scandals and reputation for abuse,” he wrote. “The

Payments 100

Payments cryptocurrency System Technology 100

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

NOVEMBER 8, 2019

Chopra wrote in support of the creation of the “ FedNow Service,” a real-time scheme currently being considered. The vague and scant details on the tech platform’s proposed shadow global central bank have sounded international alarm bells, particularly in light of Facebook’s ongoing scandals and reputation for abuse,” he wrote. “The

Payments 100

Payments cryptocurrency System Technology 100

CFPB Monitor

JULY 14, 2022

The Order seeks a national policy for digital assets across six “key priorities” : consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.” The Order makes no substantive conclusions.

United States 78

United States Leadership Policies Regulation 78

PopularBank

JUNE 10, 2022

Supporting small businesses that make a difference. Popular Bank ‘s commitment to supporting small businesses is a big part of who we are as a financial institution. We look forward to expanding our services and continuing to support our communities. The growing demand for mental health services.

Groups 52

Groups Community US United States 52

PYMNTS

NOVEMBER 26, 2018

Deputy Attorney General Rod Rosenstein, is seeking to gain international support in dealing with crimes tied to digital currencies. “We and EU signed off on their divorce, and the language touching financial services is brief, and perhaps not all that surprising to stakeholders after months of back-and-forth negotiations.

US 146

US United States Regulation cryptocurrency 146

CFPB Monitor

MARCH 24, 2016

The CFPB has issued an advisory and a report with recommendations for banks and credit unions on how to prevent, recognize, report, and respond to financial exploitation of older Americans. In addition, a bank or credit union subject to CFPB supervision should expect CFPB examiners to look at its program for preventing elder financial abuse.

Report 60

Report Compliance Regulation Training 60