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 FinTech Laws Regulations 147

PYMNTS

JANUARY 26, 2021

Speaking at a World Economic Forum panel, Yi said the matter was “complicated” and what was needed was a clear legal framework. “I I would say that this is a process and also, once” problems are resolved, Ant could get back on track, “according to law,” Yi said, per Bloomberg.

Legal Framework 95

Legal Framework Regulations Central Bank Privacy 95

The Payments Association

FEBRUARY 10, 2025

This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime. Voices from the industry Businesses subject to the Failure to Prevent Fraud offence must understand their legal obligations under the new law.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Fintech Finance

SEPTEMBER 17, 2024

The recognition comes after the company successfully met all criteria outlined in Law No. 21/2023, dated May 25th, which sets the legal framework for startups and scaleups in Portugal.

Legal Framework 95

Legal Framework Legal Innovation Payment Solutions 95

PYMNTS

OCTOBER 1, 2018

“The evidence and submissions provided to the commission did not reveal any great appetite to change the legal framework,” Commissioner Kenneth Hayne said in his interim report, according to the Australian Financial Review. “In Much more often than not, the conduct now condemned was contrary to law.

Legal Framework 54

Legal Framework Small Business Legal Laws 54

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

PYMNTS

DECEMBER 23, 2020

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. We support legal frameworks that achieve these goals.”. At a hearing of the U.S.

Federal Trade Commission 76

Federal Trade Commission Legal Framework Laws FTC 76

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. This article will help you gain a better understanding of gaming and gambling laws in Down Under.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

PYMNTS

SEPTEMBER 24, 2019

Hoffman explained that the agency used this legal framework in its 2017 case against Questcor, alleging that the company illegally maintained its U.S. In addition to the Clayton Act, the Sherman Act prohibits a firm from gaining or maintaining a monopoly position through anticompetitive conduct.

FTC 43

FTC Federal Trade Commission Laws Legal Framework 43

The Fintech Times

JANUARY 31, 2025

Sharakah provides financial support and post-financial to SMEs in Oman Oman Technology Fund Aims to put Oman firmly on the map of knowledge leaders in the Middle East Oman Banks Association (OBA) A non-profile professional association for the countrys banking industry Breakdown of sector: Image Source: The Fintech Times Timeline of key fintech (..)

FinTech 64

FinTech Non-Bank Legal Framework Central Bank 64

PYMNTS

NOVEMBER 28, 2019

The announcement comes after the Federal Council published a report late last year on the legal framework for blockchain and DLT in the financial sector. As a result, the legislation, which is designed as a blanket framework, proposes specific amendments to nine federal acts, covering both civil law and financial market law.

Legal Framework 57

Legal Framework NOV Transactions Settlement 57

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

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

SEPTEMBER 2, 2019

The Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings (ILLICIT CASH) Act is one legislative initiative under consideration that would ban anonymous companies. The FIN testimony also recommended that legislation gets passed that bans anonymous companies.

Regs 49

Regs BSA Legal Framework Cryptocurrency 49

Stax

FEBRUARY 5, 2024

Legal and Ethical Considerations When you opt to surcharge, you’re required to operate within the bounds of the law and maintain ethical practices. State and federal laws. Surcharging laws vary by jurisdiction. Consumer protection laws. Keep these compliance considerations in mind.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

The Fintech Times

FEBRUARY 21, 2024

Furthermore, Asia is proactive in implementing the necessary legal frameworks to support these advancements. Unlike the EU, which benefits from uniform regulations and a shared legal framework for its member states, Asia presents a tapestry of diversity with no overarching structures.

APACS 59

APACS Legal Framework Finance Cross-Border 59

PYMNTS

MARCH 9, 2020

To that end, PayPal said last month that it would team with law enforcement agencies, academics and experts to track how payments are used to traffic firearms illegally through the United States. That’s easier said than done, perhaps, in the digital age, where money flows digitally, increasingly in real time.

PayPal 70

PayPal Financial Crimes Crime Law Enforcement 70

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

SEPTEMBER 30, 2023

This comprehensive guide will explore the world of selling CBD online, covering everything from the legal landscape to choosing the right eCommerce platform and getting started in this thriving industry. Federal Laws: At the federal level, CBD’s legality hinges on its source. THC (tetrahydrocannabinol).

Legal 52

Legal Laws Processors Compliance 52

PYMNTS

NOVEMBER 4, 2016

The 500-page, $5,000 applications are an attempt to offer an unequivocal legal framework for businesses to exchange in bitcoin. Still, slow regulation fares better for the safety, security and legality of future work with bitcoin than blanket bans. Currently, 15 applications are pending.

Bitcoin 76

Bitcoin Digital Currency Law Enforcement Legal Framework 76

Neopay

JULY 18, 2024

Sub-Saharan Africa: This region suffers from high money laundering risk due to corruption, poor transparency, and weak rule of law. 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

Stax

DECEMBER 9, 2024

Adherence to the Fair Credit Billing Act (FCBA) The Fair Credit Billing Act (FCBA) is a federal law designed to protect consumers in credit card transactions. Legal and Regulatory Considerations Businesses must navigate a complex web of regulations when dealing with chargebacks.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

PYMNTS

JUNE 10, 2020

Cottrell Title & Escrow has observed the ways in which the COVID-19 pandemic has impacted interest in RON services and the adoption of laws regulating how they are used. Florida was one of the few states that had legalized RON services prior to the initial outbreak. States Implement RON Statutes.

Legal 52

Legal Money Laundering On-Demand Legal Framework 52

Neopay

NOVEMBER 27, 2023

These Guidelines aim at forging a common understanding to ensure the consistent application of EU law as well as a stronger anti-money laundering and countering the financing of terrorism (AML/CFT) regime. The consultation runs until 26 February 2024.

Money Laundering 52

Money Laundering Consulting Finance Travel Rule 52

PYMNTS

APRIL 28, 2017

Law enforcement does not have the bandwidth to investigate or prosecute for these crimes unless they reach a large financial threshold. New Human Rights Laws Proposed to Protect from Mind Hacks. Cybercrooks know this and use that to their full advantage. It really is the future.

Ransomware 62

Ransomware End User Crime Authentication 62

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. Below is a list of key items to support this function: Single Legal Framework.

Governance 49

Governance Government Non-Bank Authorization 49

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 Wire 42

Global Fintech & Digital Assets

FEBRUARY 26, 2024

The Consultation Paper outlines how the HKMA proposes to implement the Basel Committee’s standard into Hong Kong law, including through amendments to the banking capital, liquidity, disclosure and exposure limit rules, and its supervisory policy manual and other guidance.

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 31, 2018

District Court judge ruled that the Amex practices violated federal antitrust laws. Though Mastercard and Visa have dropped similar practices, tied to a settlement with the Justice Department struck in 2010, Amex has held onto those rules. 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

Many Asian countries are drafting age verification laws to protect children from accessing age-inappropriate content and services. Source: Aware Biometrics In this article, we will explore age verification laws in key Asian countries, highlighting their approaches and the challenges they face.

Verification 105

Verification Laws Legal Privacy 105

Finovate

JANUARY 24, 2025

Even critics who argue the law is either too sweeping or too narrow recognize that engaging with regulators and key stakeholders is often the smarter path. Shabi: Complying with the MiCA framework is the first thing that comes to mind when cryptocurrency and the EU are mentioned in the same sentence.

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

Segpay

SEPTEMBER 30, 2024

This blog explores child protection laws across key Latin American countries, highlighting their different approaches and the evolving regulatory frameworks. The Brazilian Child and Adolescent Statute (ECA) provides a broad legal framework to protect minors. Regulatory Summary: ECA (Law No.

Verification 111

Verification Legal Framework Laws Regulations 111

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

Fintech Review

SEPTEMBER 17, 2024

Legal Challenges Facing DAOs While they offer many advantages, they are not without challenges, particularly regarding legal recognition. DAOs exist in a grey area legally because traditional legal frameworks have not caught up with blockchain innovations. Another concern is the application of securities laws.

Governance 105

Governance Government Innovation Legal 105