Open Banking Excellence

SEPTEMBER 27, 2024

Half a decade ago, Mexico demonstrated its ongoing commitment to updating its financial regulation with the introduction of the Fintech Law. Such regulatory framework serves as a solid foundation for the progression of Open Banking, guaranteeing a safer and standardised environment.

Financial Inclusion 147

Financial Inclusion Laws FinTech Regulations 147

PYMNTS

JANUARY 26, 2021

When it comes to the Chinese government and its regulators, it’s hard to read the tea leaves. Speaking at a World Economic Forum panel, Yi said the matter was “complicated” and what was needed was a clear legal framework. “I So, payments provider Ant Group ’s much-heralded initial public offering (IPO) could be back on?

Legal Framework 95

Legal Framework Regulations Central Bank Privacy 95

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

CoinRemitter

JUNE 30, 2024

Decentralized Autonomous Organizations (DAOs) are at the forefront of the decentralized ecosystem, offering a new way to govern, handle finances, and make informed decisions. Blockchain technology manages the organization, coordinating tasks and governance without needing a central authority. Shareholders vote on big issues.

Governance 40

Governance Government Blockchain Money Laundering 40

FICO

SEPTEMBER 27, 2017

Most tax and revenue agencies have strong collection operations, anchored by a large, dedicated staff of collectors supported by laws that allow for streamlined enforcement actions. Centralizing collections in government is therefore a significant opportunity when we focus on the area of non-tax receivables.

Governance 49

Governance Government Non-Bank Authorization 49

Fintech Finance

JULY 1, 2024

In line with current practice, payment service providers would only have access to the personal data that are required to ensure compliance with EU law, such as anti-money laundering regulations. To use data for commercial purposes, payment service providers would need users’ explicit consent.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

PYMNTS

DECEMBER 23, 2020

government relations, according to Bloomberg. According to Bloomberg, smaller websites are particularly concerned that legislators are too focused on major players like Facebook and Google while they mull changes to the law. Google’s owner Alphabet is also wary about changing the law. At a hearing of the U.S.

Federal Trade Commission 76

Federal Trade Commission Legal Framework Laws FTC 76

PYMNTS

SEPTEMBER 11, 2019

There are some amendments and exemptions to the law that are still being finalized. It seems AB 5 is done but for the final counting — and will soon be California’s local law of the land. That the law has been passed, for example, doesn’t answer how comprehensively the law will be enforced.

Economy 65

Economy Laws Legal Framework Legal 65

PYMNTS

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Japan and Switzerland have already developed legal frameworks that have attracted cryptocurrency projects and investment. financial system.

Regs 49

Regs BSA Legal Framework Cryptocurrency 49

Stax

FEBRUARY 5, 2024

This surcharge covers costs associated with adopting and maintaining government-mandated sustainable practices. Governments impose regulations to protect the public’s interests and promote fair corporate practices. State and federal laws. Surcharging laws vary by jurisdiction. Consumer protection laws.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

PYMNTS

JUNE 27, 2016

What that would do, of course, is put bitcoin in a regulatory framework that enables lawmakers to tax, regulate and monitor bitcoin transactions in a way that may give more legitimacy to the concept of the cryptocurrency. For now, there are no specific laws around bitcoin, which means bitcoin is already legal.

Bitcoin 44

Bitcoin Legal Framework Legal Cryptocurrency 44

Stax

JANUARY 15, 2024

Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Surcharging restrictions for multi-location businesses can get confusing. ​​In

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

AUGUST 20, 2018

via Coinbase, was closed – and the activity in Hong Kong allegedly was to avoid reporting certain information as required by law. Said prosecutors in their own document announcing the charges: “Burrell’s activities ‘blew a giant hole’ through the legal framework of U.S.

Money Laundering 41

Money Laundering Bitcoin Legal Framework Laws 41

Segpay

APRIL 1, 2025

Governments worldwide have become aware of the need to protect minors from accessing age-restricted content, products and services. While their goals align, their approaches and legal frameworks differ. Regulatory Frameworks In the United Kingdom, the Online Safety Act passed into law on 26 October 2023.

Verification 45

Verification Regulations Privacy Online and Mobile Banking 45

PYMNTS

NOVEMBER 4, 2016

” CryptoCoinsNews also reported that a digital currency pyramid scheme in Vietnam led the government to, once again, warn against its citizens using bitcoin. The 500-page, $5,000 applications are an attempt to offer an unequivocal legal framework for businesses to exchange in bitcoin.

Bitcoin 76

Bitcoin Digital Currency Law Enforcement Legal Framework 76

Neopay

JULY 18, 2024

Anti-Money Laundering Risk: According to the Basel Institute of Governance, the global anti-money laundering risk averaged 5.25 Sub-Saharan Africa: This region suffers from high money laundering risk due to corruption, poor transparency, and weak rule of law. out of 10 in 2022, a slight improvement from previous years.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

PYMNTS

JUNE 10, 2020

The surge in national interest and demand for digital alternatives to traditionally paper-based notary services led to greater consumer awareness and inspired a wave of legislation governing how those services should enforce digital notarization processes’ anti-money laundering/know your customer (AML/KYC) aspects.

Legal 52

Legal Money Laundering On-Demand Legal Framework 52

PYMNTS

APRIL 28, 2017

Symantec saw new levels of cybercriminal ambition in 2016 — record identities exposed in data breaches, digital bank heists, DDoS attacks powered by IoT devices and, perhaps most notably, a rise in attacks on government entities and nation-states. New Human Rights Laws Proposed to Protect from Mind Hacks. It really is the future.

Ransomware 62

Ransomware End User Crime Authentication 62

Global Fintech & Digital Assets

FEBRUARY 26, 2024

The Consultation Paper comes shortly after the Financial Services and the Treasury Bureau and the HKMA issued a consultation paper in December 2023 outlining their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ).

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

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).

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

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

PYMNTS

JANUARY 31, 2018

District Court judge ruled that the Amex practices violated federal antitrust laws. Prepaid cards at that point will have protections similar to debit cards, introducing rules governing limited liability and overdraft fees. They have been sued by 11 states and the Department of Justice. In early 2015, a U.S.

Rules 40

Rules Credit Cards Legal Consumer 40

Segpay

AUGUST 20, 2024

As the digital world continues to expand and the young and the old spend an increasing number of hours online, governments around the globe are taking rigorous steps to make the internet a safer environment for minors. The Chinese communist government has implemented some of the strictest measures worldwide.

Verification 105

Verification Laws Legal Privacy 105

Finovate

JANUARY 24, 2025

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. The EU AI Act passed in 2024.

Regulations 72

Regulations FinTech BNPL Cross-Border 72

Clearly Payments

FEBRUARY 8, 2024

By enforcing compliance with legal frameworks, regulation not only upholds the integrity of the financial system but also safeguards national security interests. It oversees compliance with federal banking laws, including those governing payments.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

The Fintech Times

APRIL 8, 2024

Global law firm DLA Piper, i n partnership with The Fintech Times and The Fintech Power 50, recently hosted a fascinating evening event at its head office in London addressing how established players and disrupters in the insurance industry can navigate through the complexities of artificial intelligence (AI).

AI 59

AI Risk Legal Framework Use Case 59

Fintech News

JANUARY 8, 2025

Speaking at a seminar hosted by the Marketing Association of Thailand, Pichai outlined the governments plan to experiment with cryptocurrency in tourism-heavy locations like Phuket. The trial will focus on enabling tourists to use their digital assets while adhering to the countrys existing legal frameworks.

Legal Framework 131

Legal Framework Digital Currency Bitcoin Cryptocurrency 131

Fintech News

MARCH 4, 2025

Vietnams Prime Minister Pham Minh Chinh has directed the Ministry of Finance and the State Bank of Vietnam to prepare a legal framework for managing cryptos, with a draft policy expected this month, VnExpress reports. This has resulted in lost tax revenue and a weakened competitive position for the domestic market.

Central Bank 89

Central Bank Legal Framework Finance Legal 89

Fintech News

FEBRUARY 2, 2025

AML/CFT regulations in Indonesia Indonesia’s AML and countering the financing of terrorism (CFT) frameworks are governed by several key laws that apply across industries, including banking, insurance and fintech, but also real estate and even art dealerships. Key AML/CFT regulations in Indonesia include Law No.

AML 105

AML Due Diligence Money Laundering Legal Framework 105

Fintech News

MARCH 3, 2025

Singapore recently passed the Protection from Scams Act , granting law enforcement the power to freeze bank accounts if they reasonably believe an individual is at risk of being scammed. However, the laws broad wording and lack of clearly defined criteria may raise concerns. Financial scams in Singapore reached SGD $385.6

Scams 75

Scams Laws Law Enforcement Authorization 75

The Payments Association

DECEMBER 9, 2024

The UK government and the FCA will further develop and implement these regulations through consultations and legal frameworks, aiming for a comprehensive rollout by 2026. What are the government’s plans for the regulation of crypto? What’s next?

Stablecoins 88

Stablecoins Rules Consulting Regulations 88

Fintech News

FEBRUARY 11, 2025

This includes intellectual property, data privacy, and financial services, ensuring a holistic approach to AI governance. In short, it is a legally binding international agreement designed to establish uniform AI regulatory principles globally. government include a bipartisan Senate report which outlines some key policy areas.

AI 116

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 116

Nanonets

OCTOBER 27, 2024

To test its capabilities of answering such questions it is given the following commands: “What would happen if someone commits a violent crime in a country with no laws against it?” Social and Community Responses: In the absence of formal laws, communities may take it upon themselves to address the crime.

Laws 52

Laws Crime Returns Legal 52