The Paypers

OCTOBER 9, 2024

Singapore-based cryptocurrency exchange Crypto.com has initiated a lawsuit against the US SEC after receiving a legal threat from the regulator.

Legal 68

Legal Cryptocurrency Regulations 68

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 277

Data Breach Regulatory Compliance Breach Encryption 277

The Payments Association

OCTOBER 30, 2024

Compliance in payment communications is essential for trust and security; AI-driven solutions and customised frameworks help businesses meet regional regulations, ensuring secure global operations. Ensuring that communications comply with global regulations is essential for protecting a business’s reputation and operations.

Regulations 100

Regulations Cross-Border Compliance Fraud Prevention 100

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 98

Cross-Border Payments Cross-Border Consulting Regulations 98

Fintech Finance

SEPTEMBER 17, 2024

The work looked at various technical, legal and business case questions surrounding the development of a ‘platform for innovation’ and the main conclusions are: Such a platform, in collaboration with other important initiatives such as Open Banking, could deliver economic value and support innovation in the market.

Regulations 98

Regulations Finance Settlement Legal 98

Stax

DECEMBER 20, 2023

This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing costs. Learn More Are Debit Card Surcharges Legal? Let’s start with the elephant in the room: are debit card surcharges legal?

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

VISTA InfoSec

OCTOBER 21, 2024

Their key responsibilities as per article 39 of GDPR include: Guiding the controller, processor, and employees on their data protection obligations under relevant regulations, such as GDPR, CCPA, and others. Strong communication skills to easily convey technical and legal concepts to the stakeholders, regulators, and employees.

CCPA 178

CCPA Privacy Assessments Laws 178

Fi911

JANUARY 4, 2024

Well, from a legal standpoint, there’s actually quite a lot. We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides. Certain regulations known as “chargeback rules” are, in fact, based on legal statutes.

Disputes 92

Disputes Laws Rules Governance 92

The Fintech Times

DECEMBER 9, 2024

Google has filed a legal challenge against the US Consumer Financial Protection Bureau (CFPB), the agency responsible for overseeing consumer finance, after it placed Google Payment Corp., The move follows the agencys use of a dormant legal authority revived in 2022 to oversee nonbank entities deemed to pose risks to consumers.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Legal 75

The Fintech Times

JULY 15, 2024

In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. A unique characteristic of FSRA’s regulatory framework is the regulation and licensing of the issuance of fiat tokens.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

VISTA InfoSec

OCTOBER 21, 2024

A data protection officer role is to act as a bridge between organizations, its employee, and the regulatory authorities ensuring that the handling of personal data is safe, lawful and in line with regulations like GDPR (General Data Protection Regulation). Additional Responsibilities of DPO (As seen in other Regulations) 1.

CCPA 130

CCPA Privacy Laws Data Breach 130

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 64

Compliance Regulations Financial Crimes Non-Bank 64

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. was fined EUR 20 million by the Italian SA for violating several GDPR regulations.

Privacy 130

Privacy Compliance Legal Best Practices 130

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. Yes, companies in the US, as well as US companies inside of the EU, are bound by the GDPR’s regulations. entities due to its extraterritorial reach.

Compliance 130

Compliance Privacy Processors Legal 130

VISTA InfoSec

JUNE 26, 2024

Non-compliance with regulations like GDPR, HIPAA, and CCPA can have severe repercussions, including hefty fines and operational restrictions. Industries with stringent regulatory requirements, such as finance and healthcare, particularly benefit from strong cybersecurity, as compliance avoids legal penalties. 5 / 5 ( 1 vote )

Cybersecurity 256

Cybersecurity Due Diligence Security Risk Management 256

VISTA InfoSec

MAY 2, 2024

Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information. By utilizing advanced security technologies and methodologies, providers ensure that your business adheres to relevant regulations and standards.

Cybersecurity 130

Cybersecurity Legal Compliance Best Practices 130

Fintech Finance

JUNE 21, 2024

Shieldpay , the payments partner for the legal sector, is working with KPMG Law UK (part of KPMG LLP) to provide payments services for its high value, complex client transactions. They have an innovative and ambitious approach to legal services, reflecting the changing needs of businesses and the evolution of the sector.

Laws 98

Laws Legal Mitigation Payments 98

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 113

Consumer Protection Risk Management Regulations Legal 113

The Fintech Times

DECEMBER 14, 2024

Enhancing regulation ADGM showcased a series of recent regulatory enhancements during Fintech Abu Dhabi which were well received by the delegates. .” Through a series of thought-provoking sessions and high-profile forums, Fintech Abu Dhabi highlighted key trends within this sector.

AI 64

AI Regulations Finance Cross-Border 64

The Fintech Times

JUNE 29, 2024

The first stage of the European Union ‘s Markets in Crypto Assets Regulation (MiCA) will come into play on 30 June. In terms of market surveillance, the MiCA regulation is based upon requirements set out in the EU’s Market Abuse Regulation (MAR).

Stablecoins 138

Stablecoins Regulations Compliance Cryptocurrency 138

Fintech News

MAY 27, 2024

The SEC is conducting this public hearing to address issues and challenges related to the current decree and its associated regulations. The consultation paper is available on the SEC’s website and the central legal hub. The feedback will help ensure the decree is necessary, consistent, and effectively enforced.

Laws 113

Laws Legal Consulting Addressing 113

Fintech News

FEBRUARY 25, 2024

This recommendation comes after a thorough evaluation of Zipmex’s operations, highlighting concerns regarding the company’s compliance with legal financial standards and the sufficiency of its management structure. Zipmex clients seeking to recover their assets can reach out through the company’s official channels.

Legal 113

Legal Returns On-Demand Laws 113

The Payments Association

DECEMBER 9, 2024

The upcoming changes in cryptocurrency regulation and its impact on payment services, focusing on the UK’s approach compared to the EU. The UK government and the FCA will further develop and implement these regulations through consultations and legal frameworks, aiming for a comprehensive rollout by 2026.

Stablecoins 88

Stablecoins Rules Consulting Regulations 88

Fintech News

JUNE 2, 2024

Nguyen Xuan Viet Binh, Director of Moca said, “Moca commits that this strategic change will be implemented in accordance with current legal regulations, as well as will update specific information and instructions to users.

Legal 110

Legal Non-Bank Bank Card Regulations 110

Fintech News

JANUARY 31, 2024

The DAA seeks to unite various sectors, including financial institutions, fintech companies, technology providers, and legal and regulatory experts, to address the evolving landscape of tokenised real-world assets. The formation of the DAA was principally driven by DigiFT, Onfet, and Tranchess. Featured image: Digital Assets Association Exco.

Best Practices 113

Best Practices Legal Blockchain Risk Management 113

Clearly Payments

OCTOBER 30, 2024

Overview of International Payment Processing At its core, international payment processing involves handling transactions across borders , where factors like currency conversion, payment method preferences, and local regulations come into play. Understanding tax obligations in each market is crucial to prevent legal and financial issues.

International Payments 83

International Payments Process Multi-Currency Cross-Border 83

PYMNTS

JANUARY 8, 2021

16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations. Last May, Robinhood hired former SEC Commissioner Dan Gallaher as its chief legal officer.

Settlement 145

Settlement FinTech Legal Regulations 145

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. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

PYMNTS

AUGUST 3, 2020

The paper cited documents and “Italian legal sources” in its story about the organized crime syndicate ’Ndrangheta and CenturionBet, an online gaming company based in Malta. It is unclear whether the bank knew its services were being used to skirt anti-money laundering regulations, the paper reported.

Money Laundering 144

Money Laundering Crime Legal Authorization 144

Fintech News

MARCH 31, 2024

This amendment established a legal and regulatory framework facilitating FIs to share critical customer data, but only under strict conditions. This will strengthen Singapore’s capabilities to uphold our reputation as a well-regulated and trusted financial centre.”

Financial Crimes 105

Financial Crimes Crime Money Laundering Law Enforcement 105

VISTA InfoSec

JULY 17, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Think about the various regulations around the world. Each of these sets its own rules on handling personal information safely and legally. Also, pick the software that supports various languages.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Be sure to understand federal laws, state regulations, and international standards to sidestep potential legal issues.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Global Fintech & Digital Assets

DECEMBER 18, 2023

Whether a judicial ruling or persistent legal challenges will delay implementation of this Proposal (or others) remains to be seen. The Proposal also excludes certain types of transactions, including the following: International payments or money transfers (e.g.,

CFPB 75

CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank 75

The Payments Association

NOVEMBER 7, 2024

However, it is also under the perception of being beset by tough legal challenges, high fraud levels, and constant scrutiny from governments trying to regulate an industry evolving at a rapid pace. The state of play Navigating the fine tightrope that is regulation and compliance often feels like a maze.

Compliance 88

Compliance Innovation Regulations Payments 88

Open Banking Excellence

MAY 2, 2024

Innovation and the business environment in Georgia With fintech and Open Banking, we have a chance to act as a hub to enable the flow of data and the transmission of best practices on standards and regulations. Businesses are empowered to more easily and efficiently navigate the regulator landscape. With a population of just 3.7

Interoperability 147

Interoperability Payment APIs and Integration Central Bank Cross-Border 147

Finextra

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 59

Cross-Border Payments Cross-Border Legal Addressing 59

Fintech News

JUNE 30, 2024

The regulator is now focusing on developing standards, market practices, and governing principles for digital infrastructure supporting tokenised assets. Morgan, MUFG Bank, and Societe Generale-FORGE, on business, governance, risk, legal, and technology considerations for a shared ledger infrastructure.

Central Bank 121

Central Bank Non-Bank Risk Participant 121