The Fintech Times

MAY 15, 2024

In a move to bolster cybersecurity and protections for AI models against hacking and sabotage, the UK government has officially unveiled a host of new measures, which also hope to set a new global standard. Employees using the technology need to know how to do so legally and ethically.”

Cybersecurity 72

Cybersecurity AI Government Governance 72

Core

MARCH 19, 2024

City and county government institutions bear the responsibility of careful management—and protection—of public funds. Still, payment fraud is a concern in every sector, and the stakes for government organizations are especially high. The solution: robust government fraud detection mechanisms for payment systems.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

Global Fintech & Digital Assets

NOVEMBER 16, 2023

Recognizing new realities in decentralization, the regulations aim to provide market players with governance flexibility within distributed ledger technology foundations. The Regulations were published on November 1, 2023. Latham & Watkins has advised ADGM in drafting the Regulations. What are DLT Foundations?

Regulations 52

Regulations Technology Distributed Ledger Technology (DLT) Audit 52

The Fintech Times

MAY 11, 2024

A refreshing sentiment that stands in stark contrast to the usual grumblings elsewhere that regulations hinder innovation. In Dubai, stakeholders view regulations as a catalyst for growth and success, providing a sturdy foundation that drives the thriving developments in the fintech sector.

Regulations 59

Regulations FinTech Innovation Authorization 59

Global Fintech & Digital Assets

FEBRUARY 26, 2024

By Simon Hawkins and Adrian Fong On 7 February 2024, the Hong Kong Monetary Authority (HKMA) released a consultation paper on its proposal for implementing new regulations on the prudential treatment of cryptoasset exposures (Consultation Paper).

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

Innovative Payments Association

SEPTEMBER 16, 2024

This guide offers a detailed look at the critical legal and regulatory issues that banks and fintechs must address. An overview of relevant regulations such as Regulation E, Regulation Z, the Bank Secrecy Act, and others. This guide provides the tools needed to build those frameworks.”

Regulatory Compliance 52

Regulatory Compliance Compliance FinTech Financial Inclusion 52

PYMNTS

JANUARY 1, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

Regulations 141

Regulations FTC Federal Trade Commission Treasury 141

Payments Source

JUNE 3, 2018

With regulations, users rest easy knowing that the exchange isn't going to get shut down for ignoring basic legal responsibilities and duties, writes Nate Flanders, co-founder and CEO of Mandala Exchange. People need to know their money is safe.

Cryptocurrency 107

Cryptocurrency Government Governance Legal 107

PYMNTS

DECEMBER 23, 2019

Businesses and government institutions are adapting to instant payments as more consumers are requesting them. The latest PYMNTS Disbursement Satisfaction Report revealed that more than 24 percent of government disbursements were made through instant rails in 2019. Legal system complexities stall instant payment adoption.

Legal 52

Legal Instant Payments Checks Settlement 52

PYMNTS

JULY 7, 2019

Congress “is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.”. regulators and politicians increase their focus on big tech and associated areas, with recent hearings targeting Facebook and Google. It is part of a broader push to boost the nascent cryptocurrency industry.”

Regulations 82

Regulations Legal Framework Cryptocurrency Bitcoin 82

Payment Savvy

NOVEMBER 30, 2021

This federal law, known as Regulation F goes into effect on November 30, 2021. Regulation F affects everything from debtor communication to multi-state compliance. From a quick recap of the FDCPA to highlighting several points collectors should know about the legislation, get ready to get savvy on Regulation F. Harassment.

Regulations 52

Regulations Consumer Financial Protection Bureau (CFPB) CFPB Rules 52

PYMNTS

JULY 15, 2019

The Financial Action Task Force (FATF) recently released guidelines intended to increase the transparency of digital asset transactions, as regulators push for greater cryptocurrency oversight. In retail news, the legal cannabis industry is evolving in Colorado with the state’s licensed businesses.

Regulations 51

Regulations Government Governance Money Laundering 51

PYMNTS

JUNE 11, 2020

The COVID-19 pandemic has upended the way businesses and government agencies verify their customers’, clients’ and citizens’ identities. Businesses and government entities can then use biometric data to match them with their official documents in their databases and verify their identities. Digital Innovation, Legal implementation.

AML 74

AML Legal Compliance Verification 74

The Fintech Times

APRIL 26, 2024

In fact, many do not think they are addressing the practicalities of modern AML operations as a result of current and upcoming AML regulations. Finding the right staff to ensure the right practices in line with regulations are being implemented effectively was also a problem highlighted within the report for 35 per cent of respondents.

AML 59

AML Regulations Financial Crimes Money Laundering 59

PYMNTS

JANUARY 25, 2021

The prohibition is part of a larger legal reform that also bans government officials from opening accounts at foreign banks. They could become a “safe-haven asset” and used for asset diversification in investor portfolios if they can overcome volatility, regulation, trust and reputation challenges, according to the report.

Government 104

Government Governance Bitcoin Cryptocurrency 104

PYMNTS

AUGUST 11, 2020

A merchant cash advance company typically issues what effectively, though perhaps not legally, are loans to businesses based on current revenue streams and as a condition requires permission to withdraw payments directly from the merchants’ bank accounts.

Federal Trade Commission 94

Federal Trade Commission Regulations FTC Small Business 94

PYMNTS

DECEMBER 3, 2019

The statement provides FIs with federal data that defines the legal status of hemp, as well as the U.S. If banks have additional questions regarding the Agriculture Improvement Act of 2018 (2018 Farm Bill) and its regulations, they can contact the USDA, state departments of agriculture and tribal governments.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

PYMNTS

OCTOBER 8, 2019

New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch, Reuters reported on Tuesday (Oct. The EU largely rejected regulations on cryptocurrency until Libra was announced in June.

Government 69

Government Governance Multi-Currency Stablecoins 69

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

AI 52

AI Regulations Legal Framework Non-Bank 52

Global Fintech & Digital Assets

DECEMBER 18, 2023

Whether a judicial ruling or persistent legal challenges will delay implementation of this Proposal (or others) remains to be seen. The Proposal also excludes certain types of transactions, including the following: International payments or money transfers (e.g.,

CFPB 75

CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank 75

PYMNTS

DECEMBER 9, 2020

French ski resorts are mounting a legal challenge against the government’s order to keep ski lifts closed at resorts this holiday season. In response to the closures, the French government plans to announce additional financial support for the ski industry on Wednesday (Dec.

Legal 94

Legal Authorization Economy Checks 94

Fintech News

JUNE 12, 2024

Theme 1: Establishing Optimal Governance and Interoperability Frameworks Effective governance and interoperability frameworks will be crucial for managing the complexities of cross-border payments. Another important thing is making sure payments are final and can’t be reversed, both within countries and across borders.

Cross-Border Payments 91

Cross-Border Payments Cross-Border Interoperability Payments 91

Fintech News

JUNE 30, 2024

The regulator is now focusing on developing standards, market practices, and governing principles for digital infrastructure supporting tokenised assets. Morgan, MUFG Bank, and Societe Generale-FORGE, on business, governance, risk, legal, and technology considerations for a shared ledger infrastructure.

Central Bank 103

Central Bank Non-Bank Risk Participant 103

VISTA InfoSec

OCTOBER 26, 2023

To accomplish this, companies must adhere to specific regulations and standards. SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. It applies to all U.S. Now let’s examine the key differences between SOC and SOX audits.

Audit 130

Audit Compliance Laws Government 130

Stax

FEBRUARY 5, 2024

They can be variable or fixed, depending on company policy, industry standards, and local regulations. They can be variable or fixed, depending on company policy, industry standards, and local regulations. This surcharge covers costs associated with adopting and maintaining government-mandated sustainable practices.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

PYMNTS

NOVEMBER 9, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes.

Regulations 84

Regulations Privacy Compliance Laws 84

VISTA InfoSec

SEPTEMBER 14, 2023

If your business engages with these customers, it is subject to the EU’s General Data Protection Regulation (GDPR). This extensive data privacy regulation has an impact on many U.S. Yes, companies in the US, as well as US companies inside of the EU, are bound by the GDPR’s regulations. entities due to its extraterritorial reach.

Compliance 130

Compliance Privacy Processors Legal 130

PYMNTS

JANUARY 7, 2019

In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. The statement comes as cryptocurrencies are still not being recognized as legal tender.

Regulations 60

Regulations Money Laundering FDIC Digital Currency 60

PYMNTS

SEPTEMBER 25, 2017

WeChat, the Chinese messaging app owned by Tencent, confirms it provides information about users to the Chinese government. In order to continue using the app, users must accept the privacy policy, which now states that a significant amount of data will be shared with the government in order to comply with laws and regulations.

Government 56

Government Governance Consumer Privacy 56

The Fintech Times

JANUARY 22, 2024

CEO Steve McIntosh commented: “The Cayman Islands Government and financial services industry share a solid commitment to ensuring that our jurisdiction meets global standards while protecting the rights of investors, asset managers, and other clients. “The André Ebanks. “My

AML 59

AML Due Diligence Money Laundering Governance 59

PYMNTS

OCTOBER 17, 2018

Canada became the first country to legalize recreational use of pot on Wednesday (Oct. Following the close of a century-long ban, Canadian adults can now smoke pot without facing any legal ramifications. Meanwhile, British Columbia only has one store that is government-owned, which is 220 miles from Vancouver, its biggest city.

Legal 51

Legal Crime Governance Government 51

PYMNTS

JULY 7, 2019

Congress “is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.”. regulators and politicians increase their focus on Big Tech and associated areas, with recent hearings targeting Facebook and Google. It is part of a broader push to boost the nascent cryptocurrency industry.”

Regulations 51

Regulations Legal Framework Cryptocurrency Bitcoin 51

Fintech News

FEBRUARY 25, 2024

This recommendation comes after a thorough evaluation of Zipmex’s operations, highlighting concerns regarding the company’s compliance with legal financial standards and the sufficiency of its management structure. Zipmex clients seeking to recover their assets can reach out through the company’s official channels.

Legal 87

Legal Returns On-Demand Laws 87

PYMNTS

JANUARY 23, 2019

3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. Now, at least eight states have some form of legal online sports betting, with more states moving toward that goal.

Legal 57

Legal Wires Wire Rules 57

The Fintech Times

SEPTEMBER 4, 2024

“However, the emergence of these technologies means that regulations to monitor their proper usage also crop up. One of the biggest challenges that compliance teams are facing is making sure their teams are staying on top of ever-changing regulations.

Compliance 64

Compliance Rules Regulations Cybersecurity 64

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. Japan’s government has shined a light on the tech industry more recently. The government said it “should monitor the situation” and may conduct an onsite investigation.

Government 62

Government Governance Laws Blocks 62

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

Government 52

Government Governance Blockchain Central Bank 52