PYMNTS

JULY 12, 2020

German law enforcement authorities said they have added money laundering, balance falsification and market manipulation to the charges facing the collapsed firm. .; The company reported it owed creditors nearly $4 billion after it revealed $2.1

Government 62

Government Governance Law Enforcement Money Laundering 62

PYMNTS

APRIL 1, 2020

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121

Laws Law Enforcement Governance Government 121

PYMNTS

MARCH 12, 2020

These initiatives are successful only when central governments already issue traditional identification credentials, however, something that is notably lacking in the U.S. citizens, and they can be used for everything from entering bars to proving one’s identity to law enforcement. Legal Issues Regarding Law Enforcement.

Law Enforcement 52

Law Enforcement Credential Laws Privacy 52

CB Insights

SEPTEMBER 20, 2017

That means that by the time a person reports being drugged with GHB, it’s often too late for law enforcement officials to prove the victim was given the drug. . GHB is legally prescribed to treat sleeping disorders, but is often obtained illegally for use as a recreational “club drug” or an aid for sexual attacks.

Law Enforcement 45

Law Enforcement Laws Research Legal 45

Neopay

APRIL 22, 2024

Confirmation statement reforms From 4 th March 2024, companies were required to provide a registered email address and confirm the legality of their intended future activities, enhancing the accuracy of information provided to Companies House.

Laws 52

Laws Crime Due Diligence Law Enforcement 52

VISTA InfoSec

JULY 17, 2024

Keep your systems updated with global cybersecurity governance standards. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

PYMNTS

NOVEMBER 20, 2019

government, according to a report by TechCrunch. . Uber said the increased number of requests was due to not only its company growth but a “rising interest” from governments to look at its customer data. As for Canadian government requests, the company got 161 demands for about 593 accounts. regulators and 1.8

Law Enforcement 46

Law Enforcement Privacy Laws Government 46

PYMNTS

AUGUST 1, 2019

government requested more data than it had in the six months before, according to a report by TechCrunch. Amazon does not disclose customer information in response to government demands unless we’re required to do so to comply with a legally valid and binding order,” the company said.

Law Enforcement 43

Law Enforcement Encryption Laws Legal 43

Clearly Payments

MARCH 4, 2024

The breach not only compromised the security and privacy of millions of individuals but also triggered significant regulatory scrutiny and legal repercussions for CardSystems Solutions, including hefty fines and legal settlements. Imposition of fines and legal repercussions against CardSystems Solutions. billion ($2.1

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

DECEMBER 17, 2018

Since biometrics isn’t protected under the Fifth Amendment, law enforcement can potentially use 3D printing to legally gain access to your phone. Legally, it’s no different from using fingerprints to unlock a device,” Orin Kerr, professor at USC Gould School of Law, said via email, according to TechCrunch.

Law Enforcement 77

Law Enforcement Legal Laws Cybersecurity 77

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To The Economic Crime Plan from H.M.

Credit Cards 40

Credit Cards Crime Law Enforcement Blockchain 40

Neopay

JULY 18, 2024

Anti-Money Laundering Risk: According to the Basel Institute of Governance, the global anti-money laundering risk averaged 5.25 The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

PYMNTS

MAY 14, 2019

The company grew even more suspicious after the Chinese government asked eight companies to help it build a national credit reporting system. That project, however, was abandoned due to legal concerns. law enforcement authorities and cooperated with the federal agencies.”.

Compromise 65

Compromise Accounts FBI Law Enforcement 65

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU).

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

PYMNTS

FEBRUARY 4, 2019

“It oversteps the line between privacy and legal punishment,” warned Philip Liu of Peking University, an expert on China’s efforts to develop credit scoring. He believes the database should be available to court officials and police — not the general public. Some of the data included contacts and anything searched online when using the app.

Law Enforcement 44

Law Enforcement Privacy Legal Laws 44

PYMNTS

NOVEMBER 20, 2018

According to a report in Reuters , citing an unsealed indictment in federal court in West Palm Beach, Flordia, Gorrin was charged with violating anti-corruption laws in the U.S. in an effort to win contracts to engage in currency exchange operations for the government. Reuters noted that in September Gorrin was named a fugitive.

Law Enforcement 64

Law Enforcement Laws Wires Wire 64

PYMNTS

MARCH 7, 2016

Apple, the beloved creator of such devices as the iPod, the iPad and, of course, the game-changing iPhone, has come under scrutiny lately from, of all places, law enforcement agencies. They did not list a specific instance. ” Last month, the U.S. ” Last month, the U.S.

Law Enforcement 40

Law Enforcement FBI Encryption Laws 40

PYMNTS

MARCH 10, 2020

The Chinese government said that it is using this technology to identify citizens who have violat ed quarantine. This month’s Deep Dive explores the security and privacy advantages that DDLs bring, as well as the legal challenges that will need to be solved before DDLs go nationwide. About the Tracker.

Contactless Payments 109

Contactless Payments Authentication Cross-Border Law Enforcement 109

PYMNTS

AUGUST 18, 2016

Undercover investigation is common in criminal law – but not in civil enforcement – because the 1974 Privacy Act states that government officials must identify themselves before seeking information from individuals. She notes the program was created “after evaluating all the potential legal restrictions.”.

CFPB 40

CFPB Law Enforcement Laws Request for Information 40

PYMNTS

OCTOBER 7, 2020

All eCommerce sites and payment providers have one thing in common no matter their size: the constant and pervasive threat of money launderers using their businesses to process ill-gotten gains, conceal the funds’ sources and convert them into clean, taxable income that government authorities cannot track.

Money Laundering 68

Money Laundering Law Enforcement AML Payments 68

PYMNTS

OCTOBER 29, 2018

Both movement between public and private sectors, and potential conflicts of interest more generally, are not unknown in the legal profession – law enforcement agencies, law firms and barristers’ chambers have long-established measures in place to identify and take action to avoid such potential conflicts,” said an SFO spokesperson.

Law Enforcement 55

Law Enforcement Laws Rules Legal 55

PYMNTS

AUGUST 14, 2018

The Australian government on Tuesday (Aug. 14) put forth a new law that would call on technology companies, including Apple, to provide access to encrypted data if they receive a warrant. At the same time that the Australian government is readying this rule, Apple is in clean-up mode, telling U.S.

Encryption 40

Encryption Rules Law Enforcement Laws 40

PYMNTS

OCTOBER 17, 2016

“There is a gray area … Banks are, in general, fulfilling their legal obligations, but there is also a moral requirement to warn customers of potential losses and to share information with the industry,” Ryan Rubin, U.K. In the U.S., managing director of security and privacy at Protiviti told Reuters. .

Law Enforcement 71

Law Enforcement Authorization Crime Cybersecurity 71

PYMNTS

MAY 28, 2019

According to the news outlet, law enforcement’s initiatives are “an unprecedented level of government attention” for the sector, which has evaded regulators by classifying merchant cash advances as non-loans and, therefore, exempt from personal loan protections under state and federal law. ”

FTC 56

FTC Federal Trade Commission Law Enforcement Small Business 56

PYMNTS

JULY 15, 2016

In the latest salvo in the battle between consumer privacy and the government’s right to data as evidence in criminal cases, Microsoft won a major skirmish. government cannot, in fact, compel Microsoft — and, importantly, other companies — to hand over emails that have been residing on servers outside the United States.

Privacy 40

Privacy Law Enforcement Legal Rules 40

PYMNTS

APRIL 14, 2016

The encryption rules would aim to settle the ongoing debate on how to address the government’s request for backdoor access to the technologies designed to safeguard private data in the case of national security or law enforcement purposes. In an interview with NYT , Microsoft President and chief legal officer Bradford L.

Encryption 40

Encryption Law Enforcement Laws Governance 40

PYMNTS

JULY 6, 2020

This week’s look at the latest cases of B2B fraud finds a surge of business email compromise (BEC) attacks, as well as emerging trends in fraud related to government coronavirus relief efforts. government has given companies a 30-day window to confess to furlough fraud, reports noted. ” The U.K.

Business Email Compromise 59

Business Email Compromise Email Compromise Scams Wires 59

Neopay

MAY 28, 2024

The financial services sector is at the forefront of efforts to protect customers from fraud, including partnering with other sectors, government and law enforcement to prevent and disrupt this criminal activity and bring perpetrators to justice. Banks prevented a further £1.25

Scams 52

Scams Push-to-Card Romance Scams Crime 52

PYMNTS

OCTOBER 17, 2016

And, it’s something that has never happened before, and legal defense experts are already sounding off. It is simply too easy for the government and other bad actors to break this security protocol if they have physical control of your body, control which courts seem apt to rubber stamp.”. ” The government has great resources.

Authorization 72

Authorization Law Enforcement Encryption Governance 72

Core

FEBRUARY 6, 2024

As pillars of the public, government organizations contribute to the stability and functionality of society, ensuring citizens receive necessary support, protection, and opportunities for growth. Digital payments are now an integral piece of the government financial landscape. Here are some key insights.

Best Practices 52

Best Practices Government Governance Fraud Prevention 52

PYMNTS

JUNE 10, 2019

companies and government agencies. As reported, he paid the money back, and even paid legal fees for the firm. Separately, and a world away in Afghanistan, Reuters reported that inflated contracts for meat rations for law enforcement officials have run into the millions of dollars, siphoned from government coffers and foreign donors.

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51

Stax

DECEMBER 4, 2023

It mandates ongoing monitoring of suspicious activity, recordkeeping, and submitting suspicious activity reports (SARs) to the government. For this, you might require data from government sources, international regulators, and law enforcement agencies. The USA Patriot Act lays down which entities are required to do so.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Payment Savvy

JULY 23, 2023

A Federal Firearms License (FFL) is a legal permit issued by the Federal Government, specifically, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), allowing the licensee to import, manufacture, or sell firearms and ammunition. citizen or legal permanent resident. What is an FFL? Minimum age of 21 years.

Process 52

Process Laws Checks Compliance 52

PYMNTS

JULY 15, 2019

Congress is considering numerous bills to clarify legal issues surrounding digital money, and last month the Financial Action Task Force (FATF) issued a final set of cryptocurrency guidelines to require more transparency of digital asset transactions and prevent them from being used for criminal activities.

Cryptocurrency 51

Cryptocurrency Regulations AML Law Enforcement 51

PYMNTS

JANUARY 8, 2018

Given his long-standing personal commitment to the clear and present danger cannabis presents to the American people, it probably should not have come as much of a shock when Attorney General Jeff Sessions officially moved to curtail the legalized cannabis industry this week.

Tax Refunds 42

Tax Refunds Scams Legal Wires 42

CB Insights

NOVEMBER 2, 2017

It’s been nearly a decade since the financial crisis exposed how a weak risk management framework and lack of governance can almost permanently debilitate even one of the strongest capital markets. The startup flags illicit activity on the Bitcoin blockchain and is leveraged by Bitcoin companies and law enforcement agencies.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

PYMNTS

JULY 31, 2017

We are currently taking legal action to ensure the additional data is not disseminated, and we are requesting its rapid return. who has advised South Korean law enforcement on cybersecurity issues. These types of tactics are generally more consistent with organized crime than state-sponsored hacking.

Payment APIs and Integration 40

Payment APIs and Integration Third Party Vendors Cybersecurity Data Breach 40