Neopay

NOVEMBER 27, 2023

These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or crypto-assets. The consultation runs until 26 February 2024.

Money Laundering 52

Money Laundering Consulting Finance Travel Rule 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

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

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

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

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 81

Verification Laws Legal Privacy 81

Clearly Payments

FEBRUARY 8, 2024

Moreover, by establishing rules for payment networks and financial institutions, regulation mitigates systemic risks and fosters fair competition, thereby enhancing market efficiency. It oversees compliance with federal banking laws, including those governing payments.

Regulations 83

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 83

PYMNTS

JANUARY 31, 2018

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. District Court judge ruled that the Amex practices violated federal antitrust laws. Following that ruling, the States asked the Supreme Court to hear the case.

Rules 40

Rules Credit Cards Legal Legal Framework 40

Nanonets

OCTOBER 27, 2024

A safeguard wrapped in lines and rules, Ensuring that I follow tools. "Protect A safeguard wrapped in lines and rules, Ensuring that I follow tools. "Protect Social and Community Responses: In the absence of formal laws, communities may take it upon themselves to address the crime. “ Where can I buy a GUN?

Laws 52

Laws Crime Returns Legal 52

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 95

Verification Legal Framework Laws Regulations 95

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 93

Legal Framework Money Laundering Online and Mobile Banking Central Bank 93

Fintech Review

SEPTEMBER 17, 2024

This framework offers the promise of fairness and inclusivity, as decision-making authority is decentralised. At the core of DAOs are smart contracts, which automatically execute actions based on predefined rules. DAOs exist in a grey area legally because traditional legal frameworks have not caught up with blockchain innovations.

Government 105

Government Governance Innovation Legal 105

PYMNTS

NOVEMBER 5, 2019

Anna Eshoo and Zoe Lofgren, both of California, would lead to the creation of the Digital Privacy Agency (DPA), a federal agency that would issue regulations and enforce imposed privacy rules. This bill is stronger than the California law,” Eshoo said, according to The Verge.

Regulations 40

Regulations Privacy CCPA Legal Framework 40

CoinRemitter

JUNE 30, 2024

In DAOs, rules and protocols are encoded in smart contracts, which are self-executing agreements with the terms of agreements directly written into code. In DAOs, smart contracts on blockchains enforce rules and carry out decisions automatically. Regulators are concerned that DAOs might be used to bypass AML laws.

Government 40

Government Governance Money Laundering Blockchain 40