The Fintech Times

SEPTEMBER 12, 2024

However, it is key not to forget the role of the regulator. Despite this, the UK regulator didn’t hand out any fines or punishments, prompting us to ask if tougher penalties or consequences would lead to better outcomes. Should regulators impose tougher penalties on firms that fail to comply?

Compliance 59

Compliance Regulations Financial Crimes Non-Bank 59

Nanonets

MARCH 4, 2024

Lawyers often grapple with many documents in the dynamic legal world where every second counts, and information is the key to success. The legal landscape is evolving rapidly, and the need for efficient document management solutions has become pressing. Streamline legal document processing with Nanonets' AI-powered OCR software.

Legal 52

Legal Automation AI Laws 52

Nanonets

MAY 10, 2023

From court documents being moved to digital formats to the advent of AI in legal research, a lot has changed. What does it mean for legal professionals? And how can you use AI to make legal work more efficient? Court dates, client meetings, legal research, paperwork – the list goes on for legal professionals.

Legal 52

Legal Laws AI Procedures 52

Fintech Finance

JULY 16, 2024

The Financial Stability Board (FSB) published today, for public consultation, its proposed recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers.

Cross-Border Payments 74

Cross-Border Payments Cross-Border Consulting Regulations 74

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon. This transition is currently in progress.

APACS 97

APACS Regulations Stablecoins Cryptocurrency 97

PYMNTS

APRIL 1, 2020

“This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121

Laws Law Enforcement Government Governance 121

Global Fintech & Digital Assets

OCTOBER 31, 2023

Licensees, exchanges, and other market participants should prepare to comply with the listing, disclosure, capital, and other requirements that the new law imposes. Issuing a digital asset does not in itself require licensure, unless such asset is redeemable for legal tender, bank credit, or another digital asset.

Laws 52

Laws Stablecoins Issuers Legal 52

PYMNTS

NOVEMBER 1, 2020

In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. Those could lead to changes in the company's practices or further legal proceedings, the report stated.

Legal 94

Legal Regulations Consumer Protection Privacy 94

PYMNTS

JULY 11, 2019

In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis, CNBC reports. The spread of legal cannabis has major payments problems because federal law considers the drug illegal.

Laws 79

Laws Legal Credit Union Crime 79

PYMNTS

JANUARY 10, 2020

Deribit , a popular global cryptocurrency options exchange, is moving to Panama in February to sidestep the Netherlands’ upcoming regulation changes on the industry, according to Bloomberg. The move allows for a whole new bevy of blockchain-based legal contracts, which will be able to be used for official purposes like court. .

Legal 52

Legal Blockchain Regulations Bitcoin 52

PYMNTS

JULY 12, 2019

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. billion in sales over the last five years, with April and May of this year the highest-grossing months since legalization.”. Legal retail cannabis may be spreading throughout the U.S.,

Legal 61

Legal Laws Verification Regulations 61

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

Innovative Payments Association

AUGUST 29, 2024

With the growing legalization of cannabis across the U.S., Here are some steps to help guide you in building a successful cannabis banking compliance program: Understand Federal vs. State Regulations It's important to understand the difference between federal and state regulations when it comes to cannabis.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

VISTA InfoSec

AUGUST 22, 2023

The General Data Protection Regulation (GDPR) plays a key role in safeguarding individuals’ privacy rights and ensuring the responsible handling of biometric data. Use beyond the original purposes requires explicit consent or legal justification. This was the first time Sweden was issued a GDPR fine.

Privacy 130

Privacy Compliance Legal Best Practices 130

Finovate

AUGUST 13, 2024

Streamly’s interviewees range from entrepreneurs and investors who are helping build and fund tomorrow’s fintech solutions today to analysts and regulators whose job it is to ensure that the interests of consumers are heard and the rights of citizens are protected. Dharmesh Mistry, CEO at Vision 20 20 Consulting Ltd.,

Cybersecurity 69

Cybersecurity Innovation Finance Embedded Finance 69

Innovative Payments Association

AUGUST 5, 2024

Compliance with federal and state laws is crucial to protect both employees and employers from potential legal issues. In addition to transparency, employers must also ensure that their EWA programs comply with all relevant labor laws and regulations.

Boot Camp 52

Boot Camp Compliance Financial Literacy Laws 52

PYMNTS

NOVEMBER 16, 2020

They allege that Apple stores tracked user data without getting consent, which is a violation of Europe’s privacy law, the General Data Protection Regulation (GDPR). This is the first time a company is being legally called out for violating the 2018 data privacy mandate.

Privacy 61

Privacy Legal Disputes Laws 61

The Fintech Times

MAY 22, 2024

Despite best efforts from tenants and landlords, disputes are bound to happen and can often only be resolved following legal support. In fact in Germany, tenancy legal issues are one of the most common areas requiring legal support as almost half the population live in rented accommodation.

Disputes 64

Disputes Legal Support Legal Laws 64

Fintech News

MAY 27, 2024

This review is required by the Act on Legislative Drafting and Evaluation of Law B.E. 2562 (2019), which mandates regular evaluations of laws. The SEC is conducting this public hearing to address issues and challenges related to the current decree and its associated regulations. or dpsec@sec.or.th.

Laws 87

Laws Legal Consulting Addressing 87

VISTA InfoSec

MARCH 28, 2024

Companies that excel in data protection comply with stringent regulations and gain a competitive edge by building solid relationships with their customers. Data Minimization Data minimization means collecting only the information you absolutely need to serve your customers or comply with legal requirements.

Data Breach 249

Data Breach Regulatory Compliance Breach Encryption 249

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. We will examine the effects of GDPR in the US and how businesses can adhere to this European privacy law. GDPR and U.S.

Compliance 130

Compliance Privacy Processors Legal 130

PYMNTS

FEBRUARY 6, 2020

Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise money using digital tokens under current law, but that there would be stipulations, according to a report by Reuters.

Laws 72

Laws Security Legal Framework Regulations 72

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.

Regulations 52

Regulations Consumer Financial Protection Bureau (CFPB) CFPB Rules 52

Payments Source

SEPTEMBER 25, 2018

The STATES Act allows the industry to resolve conflicts between state and federal laws by granting legitimate cannabis companies access to the financial system in marijuana-legalized states, writes Heather Peterson Altepeter, CEO of the National Merchants Association.

Laws 95

Laws Legal Payments ISOs 95

VISTA InfoSec

JUNE 21, 2023

However, due to the nature of cybercriminal activity, it is crucial to react quickly and correctly to contain the incident, minimize any further damages, and protect your business from legal troubles. Be sure to familiarize yourself with state laws, which your legal counsel will be able to help with. Secret Service offices.

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

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

Fintech News

MARCH 31, 2024

With this regulation, future crypto companies will need to have their products or new business models vetted within the sandbox to ensure legality and compliance. Those failing to comply will be deemed unlicensed or illegal.

Consumer Protection 93

Consumer Protection Risk Management Regulations Legal 93

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

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. Governments impose regulations to protect the public’s interests and promote fair corporate practices.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

VISTA InfoSec

OCTOBER 26, 2023

To accomplish this, companies must adhere to specific regulations and standards. federal law passed in 2002 to protect investors from fraudulent financial activities. SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. What is SOX? SOX, a U.S.

Audit 130

Audit Compliance Laws Government 130

PYMNTS

DECEMBER 11, 2019

The lawmakers warned that both companies should allow for “backdoor” access to law enforcement or they would be forced to regulate the technology. and Australia, all called on the social media giant to stop the plan to use encryption unless it gave law enforcement access. . That is not something we are prepared to do.”.

Law Enforcement 52

Law Enforcement Encryption Laws Privacy 52

Finovate

JULY 3, 2024

The USMS will use Coinbase Prime to centrally manage these Class 1 digital assets to facilitate various law enforcement activities. The USMS, a federal law enforcement agency within the Department of Justice, holds multiple roles within the U.S. judicial system. The California-based company currently works with every major U.S.

Law Enforcement 52

Law Enforcement Caps Laws Money Laundering 52

PYMNTS

DECEMBER 30, 2019

A new law in California requires companies to explain exactly what customer information, if any, is being sold to third parties, according to a report by Reuters. The new law goes into effect on Jan. Some retailers are saying compliance will be difficult because of the law’s unclear language.

Laws 52

Laws Privacy CCPA Compliance 52

PYMNTS

DECEMBER 23, 2019

One such area in which instant payments remain out of reach is the legal system, as claimants still largely receive their settlements or disbursements via check. These paper-based payment methods can inconvenience customers and cause frictions, but law firms and their supporting partners are often hamstrung when it comes to replacing them.

Legal 52

Legal Instant Payments Checks Settlement 52

PYMNTS

FEBRUARY 26, 2020

“Most trucking companies have a business model that leverages independent owner-operators, and that model is facing continuous challenges from regulators and litigants to maintain true independence,” said Scott Prince, CEO of CarrierHQ. AB5 was put into law last year.

Laws 56

Laws Adjustments Legal Authorization 56

PYMNTS

DECEMBER 11, 2019

The lawmakers warned that both companies should allow for “backdoor” access to law enforcement or they would be forced to regulate the technology. and Australia, all called on the social media giant to stop the plan to use encryption unless it gave law enforcement access. . That is not something we are prepared to do.”.

Law Enforcement 52

Law Enforcement Encryption Laws Privacy 52

PYMNTS

JULY 13, 2018

South Korean financial regulators said a unit of Samsung , Samsung BioLogics , intentionally breached corporate accounting rules, Reuters reported Thursday (July 12). “We have legally implemented all accounting procedures,” the company stated. The parties will be further investigated.

Regulations 40

Regulations Accounts Laws Audit 40