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.

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FTC Federal Trade Commission Laws Legal Framework 43

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

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

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 99

Money Laundering Law Enforcement AML Non-Bank 99

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

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

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

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

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

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 Transactions NOV Settlement 57

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

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 AML 52

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

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

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

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.

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PayPal Financial Crimes Crime Law Enforcement 70

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 Legal Framework On-Demand 52

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).

Compliance 52

Compliance Cybersecurity 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

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

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

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

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.

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Rules Credit Cards Legal Legal Framework 40

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

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

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.

Government 49

Government Governance Non-Bank Authorization 49

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.

Government 76

Government Governance Innovation Legal 76

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

CoinRemitter

JUNE 30, 2024

Legal and Regulatory Challenges of DAOs Legal Status: Current legal frameworks struggle to categorize DAOs. This makes it hard to figure out which country’s laws apply to them and their activities. Regulators are concerned that DAOs might be used to bypass AML laws. This creates confusion.

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Government Governance Money Laundering Blockchain 40

PYMNTS

NOVEMBER 5, 2019

This bill is stronger than the California law,” Eshoo said, according to The Verge. Our country urgently needs a legal framework to protect consumers from the ever-growing data-collection and data-sharing industries that make billions annually off Americans’ personal information,” said Rep. Lofgren.

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Regulations Privacy CCPA Legal Framework 40

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.

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Bitcoin Legal Framework Legal Cryptocurrency 44