PYMNTS

DECEMBER 3, 2019

Banks no longer have to submit a suspicious activity report (SAR) just because a business is growing or cultivating hemp. Financial institutions should follow standard SAR procedures and submit a report only if there is questionable behavior. Department of Agriculture’s (USDA) interim final rule on hemp production.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

FICO

JANUARY 5, 2023

In 2018, FICO introduced the UltraFICO Score , leveraging consumer-permissioned financial data combined with account aggregation technology and distribution capability to provide lenders with new insights and consumers with enhanced access to credit. Meaningful Developments but No Federal Privacy Law or AI Regulations.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

PYMNTS

OCTOBER 23, 2019

All four, Carlos Alberto Munoz-Moyano, Miaria Delpilar Roman-Strick, Maria Isabel Wilson-Ossandon and Maria Beatriz Pasten-Cuzmar were charged with money laundering by evading reporting requirements and transporting money illegally. . In 2018, the bank’s CEO, Thomas Borgen, stepped down following the investigation into the payments.

Money Laundering 40

Money Laundering Procedures Checks Reporting Requirements 40

PYMNTS

OCTOBER 23, 2019

All four, Carlos Alberto Munoz-Moyano, Miaria Delpilar Roman-Strick, Maria Isabel Wilson-Ossandon and Maria Beatriz Pasten-Cuzmar were charged with money laundering by evading reporting requirements and transporting money illegally. . In 2018, the bank’s CEO, Thomas Borgen, stepped down following the investigation into the payments.

Money Laundering 40

Money Laundering Procedures Checks Reporting Requirements 40

FloQast

DECEMBER 18, 2024

Maintaining a high standard of reporting requires accounting teams to optimize their close process, eliminating inefficiencies and delays wherever possible, adapting to changes in the regulatory landscape, and seizing opportunities created by advances in accounting technology. Sixty-one percent were closing the books within six days.

Close Processes 98

Close Processes Process Accounts Adjustments 98