The Fintech Times

JANUARY 22, 2024

UK businesses will need to meet new standards following the Financial Reporting Council (FRC)’ s “small but important” revisions to the UK Corporate Governance Code. The post Enhanced Transparency: FRC’s Overhaul of UK Corporate Governance Code appeared first on The Fintech Times.

Government 59

Government Governance Due Diligence Audit 59

Global Fintech & Digital Assets

OCTOBER 31, 2023

Licensees, exchanges, and other market participants should prepare to comply with the listing, disclosure, capital, and other requirements that the new law imposes. The DFAL contains an exclusion for persons that contribute “only connectivity software … to a protocol governing transfer of the digital representation of value.”

Laws 52

Laws Stablecoins Issuers Legal 52

The Paypers

MARCH 4, 2024

The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.

Law Enforcement 41

Law Enforcement Laws Cryptocurrency Government 41

PYMNTS

SEPTEMBER 22, 2019

Ecuador ’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. While Ecuador had been working on a data privacy law for nearly two years, the breach prompted the government to finish its work and send the draft law to parliament.

Data Breach 75

Data Breach Laws Breach Privacy 75

PYMNTS

DECEMBER 21, 2020

Russia's federal anti-monopoly service (FAS) has accused Booking.com of reportedly violating antitrust laws in the country and abusing a dominant market position, according to Reuters Monday (Dec. Under Russia's anti-monopoly law, the company could face a fine of around 1 percent to 15 percent of its annual revenue generated in the country.

Laws 87

Laws Regulations On-Demand Rules 87

Payment Savvy

MAY 5, 2021

Most people think that payment processing for law firms is a simple and straightforward process. However, it is a complex procedure that is governed by strict regulations. Due to the above reasons, law firms need to adopt an advanced payment processing system. Payments received must be deposited to a trust account.

Laws 52

Laws Process Payments Debit Card 52

PYMNTS

NOVEMBER 23, 2020

government is enlisting Uber and Lyft to help provide transportation services for public agencies and employees, Reuters reports. The deal is worth up to $810 million and will be able to assist over 4 million employees of the government nationwide. government was known to spend around $200 million on transportation every year.

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Government Governance NOV Laws 78

The Fintech Times

APRIL 19, 2024

We’ve heard from parents, teachers, industry bodies and organisations on this debate but now the Government must listen to these young voices and prioritise the practical money skills they need – and want- to navigate the adult world successfully.”

Laws 59

Laws Debit Card Research Government 59

PYMNTS

FEBRUARY 21, 2020

It accomplishes that by threatening a critical immunity named Section 230 that firms have with federal law. Federal law enforcement agencies, for their part, have reportedly said those encryptions hamper their probes. News of the upcoming proposed legislation comes as the a source from the U.S.

Encryption 83

Encryption Laws Best Practices Law Enforcement 83

PYMNTS

DECEMBER 23, 2020

businesses and individuals to avoid storing data with Chinese companies due to the risk the country's government will demand and receive access to commercially valuable information. government and U.S. government and U.S. The federal Department of Homeland Security is urging U.S. businesses. businesses.

Government 75

Government Governance Risk Security 75

PYMNTS

NOVEMBER 13, 2020

Under the proposed new law, citizens would be able to change their ID number if a data breach would possibly expose them to identity theft. The current law makes it difficult to change a personal identity code. The current law makes it difficult to change a personal identity code.

Breach 69

Breach Laws Identity Theft Verification 69

PYMNTS

DECEMBER 20, 2019

Uber and Lyft are organizing and pushing back against a California law that takes effect on Jan. The law created a test that a company has to pass to figure out whether workers can be classified as contractors or not. The coalition has amassed about $100 million to run a campaign to exempt them from the law.

Laws 53

Laws Government Governance Technology 53

VISTA InfoSec

SEPTEMBER 15, 2023

For data processed for any function under any law or judgment issued under law. Clause 6(1) empowers the Central Government to limit personal data transfer by Data Fiduciaries to specific foreign countries or territories. Clause 6(2) ensures that this provision doesn’t override stricter Indian laws governing data transfer.

Data Breach 130

Data Breach Breach Government Governance 130

PYMNTS

AUGUST 17, 2020

A cyberattack directed at two dozen Canadian government platforms forced the shutdown of most of its online portals over the weekend. It collects taxes, administers tax law and policy and oversees charities. CNN reported Canadian officials detected as many as 300,000 attempted attacks to access accounts. The CRA plays multiple roles.

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Government Governance Data Breach Breach 65

PYMNTS

NOVEMBER 21, 2019

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. Bringing clarity to the regulatory structure of these digital assets protects consumers and ensures proper government oversight going forward,” Garcia said.

Laws 58

Laws Regulations Security Stablecoins 58

PYMNTS

JANUARY 24, 2019

Government procurement can bolster the strength of local small businesses (SMBs), and provide an example for technology adoption in areas such as eInvoicing and electronic payments. In an earlier report , law firm and lobbyist Akin Gump Strauss Hauer & Feld LLP examined some of the initiatives that the U.S. government business.”

Cybersecurity 61

Cybersecurity Government Governance Risk Mitigation 61

Fintech News

JUNE 5, 2024

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). The new laws aim to balance consumer protection with innovation and competition.

Regulations 86

Regulations BNPL Product Consumer Protection 86

The Fintech Times

JUNE 11, 2024

The fight against fraud requires coordinated action across multiple government departments and business sectors. The next government must prioritise fraud by appointing a fraud minister who can drive the urgent actions needed across government and business to finally turn the tide. Additionally, Which?

Crime 69

Crime Law Enforcement Laws Government 69

The Paypers

OCTOBER 12, 2021

The United Arab Emirates government has announced it will introduce a new federal protection law (UAE Data Law) in the coming weeks

Laws 34

Laws Government Governance 34

The Fintech Times

AUGUST 23, 2024

Recognising the potential of digital technology to drive economic development, the government has been proactive in promoting digitalisation. A significant milestone occurred in January last year when the Parliament passed the Investment Banking Law, paving the way for the establishment and operation of investment banks within the country.

Economy 115

Economy FinTech Government Governance 115

PYMNTS

JULY 24, 2020

The central bank of Kenya is putting forward new legislation to govern interest rates charged for digital lenders’ loans. Online lenders will need the green light from the central bank to roll out new offerings or hike lending rates if the legislation is put into law, Quartz Africa reported.

Central Bank 63

Central Bank Government Governance Online and Mobile Banking 63

PYMNTS

APRIL 28, 2019

A research group revealed that it has discovered “serious shortcomings” in the predictive tools used by law enforcement agencies. In addition, a study of a risk assessment tool to be used by the federal government found that only 35 percent of defendants classified as high-risk failed to appear for trial or were rearrested before trial.

Law Enforcement 58

Law Enforcement Laws Risk Assessment AI 58

The Payments Association

MARCH 26, 2024

As the crypto market continues to innovate and grow, governments and regulators around the world are struggling to keep pace. The constantly shifting policy and regulatory landscape is also challenging for crypto businesses to navigate—particularly for firms seeking to operate in the UK where cryptoasset rules remain in flux.

Financial Crimes 88

Financial Crimes Crime Consulting Compliance 88

PYMNTS

JANUARY 14, 2020

About 12 associations, including foreigners, are working on the new laws with Chinese officials, and some are eager to introduce online banks, a source said. Global financial institutions are not profitable in China, and many have yet to break even.

Laws 58

Laws Rules Central Bank Privacy 58

VISTA InfoSec

OCTOBER 26, 2023

federal law passed in 2002 to protect investors from fraudulent financial activities. SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. The Sarbanes-Oxley Act (SOX) is a U.S. It applies to all U.S. It applies to all U.S. SOX, a U.S.

Audit 130

Audit Compliance Laws Government 130

PYMNTS

JANUARY 22, 2020

India is on the verge of passing a data protection law in 2020 that, in some respects, mirrors – and may help inform – other initiatives around the globe. And once the law is official in India, the country will take its place alongside the U.K. Will India prove to be a model for open banking ? and Australia. The Mechanics of It All.

Laws 56

Laws Payments Data Non-Bank End User 56

PYMNTS

MAY 10, 2020

According to the Consortium, the problem isn’t the income of furloughed employees; that’s protected by the government’s laws. The letter said the businesses, many operating on thin revenues already, won’t just be able to bounce back after things reopen — many will be in dangerous waters and will take more time to recover.

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Government Governance Treasury Small Business 64

Payments Source

SEPTEMBER 8, 2016

A new tool developed by the federal government may put the brakes on certain counterfeit card scams during the holidays, if law enforcement agencies can replicate the results of an initial test.

Government 63

Government Governance Law Enforcement Scams 63

PYMNTS

FEBRUARY 1, 2021

However, gross domestic product (GDP) will return to pre-COVID levels, in part due to government stimulus packages, by mid-2021. The CBO’s projections assume that “current laws governing federal taxes and spending (as of Jan. A new report predicts the U.S. percent to the level of GDP this year and next.

Economy 60

Economy Government Governance Returns 60

PYMNTS

OCTOBER 27, 2019

China’s congress has passed a cryptography law to promote crypto development and ensure sound cybersecurity, according to a report from Xinhuanet , China’s news agency, on Saturday (Oct. The decree also underlines the training of talent in cryptography and will offer awards for “outstanding contributions.”.

Digital Currency 43

Digital Currency Laws Cybersecurity Money Laundering 43

PYMNTS

SEPTEMBER 15, 2016

Japan’s government is pointing the finger at Apple and Google, alleging that the two tech giants are violating the country’s anti-monopoly law. Both potentially defy Japanese law. Japan’s government has shined a light on the tech industry more recently.

Government 62

Government Governance Laws Blocks 62

PYMNTS

DECEMBER 26, 2019

Easing tax compliance helps governments and retailers alike. That would ease third-party sellers’ compliance work, and would mean government officials could monitor fewer entities, focusing on a handful of marketplaces rather than thousands of individual sellers. Around The Next-Gen Sales Tax Wor ld. Find the full story in the Tracker.

Laws 52

Laws Compliance Government Governance 52

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. It appears that economic nexus laws are falling short of leveling the playing field in at least one niche industry, however.

Laws 43

Laws Facilitators Rules Government 43

PYMNTS

OCTOBER 24, 2019

State and local governments aren’t satisfied with stopping their tax updates there, however, with many exploring if the Supreme Court ruling also opens the door to applying a wider range of taxes on remote merchants including corporate net income tax. Kansas’ economic nexus tax recently came under fire from its own government.

Laws 40

Laws Facilitators Rules Government 40

PYMNTS

AUGUST 23, 2019

To help advise its financial services business as one global team, Walmart has added two new global governance leaders. Rodriguez earned his bachelor’s of science in accounting from The College of New Jersey and earned his Juris doctor from Harvard Law School, where he was editor of the Harvard Latino Law Review.

Government 59

Government Governance Compliance Regulatory Compliance 59

PYMNTS

MAY 8, 2020

Government program subsidies and loans have been snapped up by larger companies and mid-sized chains, and banks have capped their exposure to loan programs. The prevailing sentiment, as the crisis heads into its third month, is that more innovative government programs will be necessary to provide any meaningful relief.

Government 56

Government Governance Small Business Federal Reserve 56

The Paypers

SEPTEMBER 21, 2021

The Australian Government has announced considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple and Alphabet’s Google.

Government 31

Government Governance Regulations Laws 31