PYMNTS

AUGUST 20, 2018

Charges of money laundering and illegal money transmission have been levied against a 21-year-old bitcoin dealer in California. He had allegedly done so through his bitcoin exchange, but had not registered that same exchange as a licensed money transmitter and did not have appropriate anti-money laundering measures in place.

Money Laundering 41

Money Laundering Bitcoin Legal Framework Laws 41

Fintech News

APRIL 3, 2024

Such inefficiencies, compounded by disparate legal frameworks, regulatory standards, and technical requirements across jurisdictions, present considerable challenges in terms of operational hours, time zones, and the repetitive execution of financial integrity checks, such as anti-money laundering and customer verification protocols.

Cross-Border Payments 99

Cross-Border Payments Cross-Border Central Bank Federal Reserve 99

PYMNTS

DECEMBER 2, 2016

is falling short when it comes to effectively investigating and prosecuting money laundering and terrorist financing by shell companies, real estate agents and investment advisers, among others, according to a new report from the Financial Action Task Force (FATF). has a “significant level of understanding of.” While the U.S.

Money Laundering 40

Money Laundering Legal Framework AML Volume 40

The Paypers

SEPTEMBER 19, 2018

(The Paypers) The Fifth Anti-Money Laundering Directive (MLD5) entered into force in July 2018 and updates the legal framework under the Fourth Anti-Money Laundering Directive (MLD4).

Legal Framework 28

Legal Framework Money Laundering AML Cryptocurrency 28

PYMNTS

JUNE 10, 2020

The surge in national interest and demand for digital alternatives to traditionally paper-based notary services led to greater consumer awareness and inspired a wave of legislation governing how those services should enforce digital notarization processes’ anti-money laundering/know your customer (AML/KYC) aspects.

Legal 52

Legal Money Laundering Legal Framework On-Demand 52

PYMNTS

NOVEMBER 20, 2018

The European Central Bank is gearing up to launch a network of watchdogs that share information on money laundering in an effort to increase scrutiny of banks. Reuters noted that Nouy said the new initiative was “in full respect of the allocation of anti-money laundering responsibilities within the current legal framework.”

Money Laundering 73

Money Laundering Central Bank Legal Framework AML 73

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. So, what did we learn this week?

Tax Refunds 42

Tax Refunds Scams Legal Wires 42

Clearly Payments

FEBRUARY 8, 2024

Additionally, payment regulation mandates stringent security measures, data protection standards, and adherence to anti-money laundering (AML) regulations to thwart fraud, cybersecurity breaches, and illicit financial activities.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

Stax

JANUARY 15, 2024

In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Legal and Regulatory Framework Compliance ensures secure and transparent financial transactions, but nuances exist that businesses must grasp.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Paypers

SEPTEMBER 11, 2020

The European Banking Authority (EBA) has published its response to a European Commission’s call for advice on how to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

Money Laundering 28

Money Laundering Legal Framework Finance AML 28

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 80

Legal Framework Money Laundering Online and Mobile Banking Central Bank 80

CoinRemitter

JUNE 30, 2024

Legal and Regulatory Challenges of DAOs Legal Status: Current legal frameworks struggle to categorize DAOs. Anti-Money Laundering (AML) and Compliance: Since some blockchains allow users to remain anonymous, they can easily engage in money laundering activities. This creates confusion.

Governance 40

Governance Government Money Laundering Blockchain 40