Finovate

JULY 3, 2024

Marshals Service (USMS) has selected Coinbase Prime to hold and trade the agency’s “Class 1” (large cap) digital assets. Marshals Service (USMS) announced it has selected Coinbase to hold and trade the agency’s “Class 1” (large cap) digital assets. judicial system.

Law Enforcement 52

Law Enforcement Caps Laws Money Laundering 52

The Payments Association

OCTOBER 21, 2024

Collaboration between regulators, law enforcement, and the counter-fraud community is needed to ensure the effectiveness of the reimbursement scheme and to mitigate emerging fraud risks. The rule changes provide stronger consumer protection but also raise concerns about industry costs and potential fraud exploitation.

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

PYMNTS

JULY 16, 2019

percent and the company lost about $178 million from its market cap, dragging it to $17.56 The company is working with the appropriate law enforcement authorities in connection with this matter,” KeyCorp said in the filing. The bank is currently working with law enforcement on the issue. Shares in KeyCorp fell 1.8

Payroll 57

Payroll Law Enforcement Wire Transfer Laws 57

PYMNTS

MARCH 4, 2020

Bank had in place erroneously capped the number of alerts, which hindered law enforcement’s ability to spot suspicious activity. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. The capped alerts were in place for at least five years.

AML 52

AML Suspicious Activity Report (SAR) Fincen BSA 52

PYMNTS

FEBRUARY 15, 2018

Bank chose to manipulate their software to cap the number of suspicious activity alerts rather than to increase capacity to comply with anti-money laundering laws,” said FinCEN Director Kenneth A. Blanco in the press release. Banks in the U.S. FinCEN, the OCC and the DOJ contend that U.S.

Money Laundering 43

Money Laundering Fincen Office of the Comptroller of the Currency Settlement 43

PYMNTS

APRIL 6, 2018

The head of two cryptocurrency exchanges in South Korea were detained by law enforcement for allegations they embezzled the assets of customers. It has also been a weight on the price of bitcoin, which has seen its prices struggle in early 2018 after explosive growth capping off 2017.

Law Enforcement 43

Law Enforcement Bitcoin Cryptocurrency Caps 43

The Fintech Times

SEPTEMBER 4, 2024

According to the PSR, the new cap still covers 99 per cent of APP scam claims, based on its review of more than 250,000 cases, only 18 of which involved losses exceeding £415,000. By reducing the APP fraud reimbursement cap, the PSR is not only enhancing security but also supporting the financial ecosystem’s growth,” Reddish commented.

Regulations 59

Regulations Scams Payments Caps 59