BSA and Tax Refunds - Payments Space

Figure’s Mike Cagney: Stimulus Snafus Show It’s Time For Digital Dollars – And Blockchain

PYMNTS

APRIL 27, 2020

Nothing brings money to top of mind like tax season — and tax refunds and stimulus payments , doled out in the wake of a pandemic known as the coronavirus. The trillions of dollars in stimulus funding and tax refunds being extended to families, individuals and businesses is coming — but slowly. Tax refunds?

Blockchain

Blockchain Tax Refunds IRS Fed

How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation

PYMNTS

FEBRUARY 13, 2019

Criminals can direct federal or state tax authorities to issue fraudulent tax refunds on prepaid debit cards.”. What’s more, “an estimated 80 percent (+/- 11 percent margin of error) of Southwest border banks terminated accounts for BSA/AML risk reasons.”.

Money Laundering

Money Laundering Debit Card Cross-Border BSA

Payments Space

Figure’s Mike Cagney: Stimulus Snafus Show It’s Time For Digital Dollars – And Blockchain

How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation

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