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

The Payments Association

OCTOBER 11, 2024

They include interim measures to improve compliance with current regulations (EMRs and PSRs) and a shift to a client assets sourcebook (CASS)-style regime where consumer funds are held on trust. The current safeguarding rules are based on the Payment Services Regulations 2017 (PSRs) and E-Money Regulations 2011 (EMRs).

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

PYMNTS

AUGUST 14, 2019

The data that casinos have the power to feed into the system under Banking Secrecy Act reporting requirements in the form of suspicious activity reports (SARS), he noted, not only has the power to keep the work of legal gambling a transparent and compliant place. and around the world.

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

Neopay

SEPTEMBER 2, 2024

With regulations constantly evolving, a monitoring plan ensures that businesses remain compliant and avoid any potential penalties or legal issues. Can a Compliance Monitoring Plan be used for more than just adhering to FCA regulations? With an increase in the number of reports required, it’s easy for businesses to fall behind.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

PYMNTS

DECEMBER 27, 2016

“Our overarching mission is to provide compliance services for small businesses, businesses that don’t have in-house attorneys or tech professionals, to provide the info that small businesses need to comply with employee management and tax reporting requirements,” said Susan Drenning, president of ComplyRight Inc.

Regulations 40

Regulations Laws Posting Small Business 40

CB Insights

NOVEMBER 11, 2022

ESG reporting requirements. These platforms simplify administrative efforts — across areas like accounting, human resources, and legal — and employ data and software modules to help companies plan for future equity changes (such as before a funding round). ESG REPORTING REQUIREMENTS. Trade analytics and execution.

API 66

API Reporting Requirements Embedded Finance Laws 66

PYMNTS

DECEMBER 3, 2020

We will self-report to the Office of Australian Information Commissioner and fully comply with the data breach reporting requirements,” BTC Markets tweeted. “In Meanwhile, Ukraine’s Draft Bill on Virtual Assets has been given initial approval by the country’s parliament in the first of three hearings, reported CoinDesk.

Bitcoin 56

Bitcoin Audit Breach Cryptocurrency 56

Nanonets

SEPTEMBER 21, 2023

From  technology  adoption to  compliance  with  regulations , we will delve into various strategies that can help businesses overcome  accounting  hurdles and achieve financial success. Non-compliance with Regulations Compliance with accounting regulations is essential to avoid legal issues and penalties.

Accounts 52

Accounts Audit Payroll Compliance 52

PYMNTS

SEPTEMBER 4, 2019

Will this increasingly regulated online sales tax environment affect this growth? Walmart.com is currently undergoing a legal dispute with a Louisiana parish because it didn’t report or remit the sales tax for sales made by third-party retailers through its online marketplace. More than 230 million U.S.

Third Party Vendors 51

Third Party Vendors Laws Facilitators Small Business 51

PYMNTS

FEBRUARY 13, 2020

Checks may be cumbersome and flawed, but they persist as one of the top methods by which businesses, legal firms and universities pass refunds to consumers, clients and students. academic institutions are legally required to offer check refunds to students, despite the option’s well-documented security weaknesses.

Direct Deposit 52

Direct Deposit ACH Checks P2P 52

PYMNTS

SEPTEMBER 25, 2019

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. Unfortunately, implementing the right tools and technologies to use data properly — whether it before regulatory reporting purposes, risk management or performance analysis — can be tricky for businesses in this space.

Compliance 47

Compliance P2P Risk Management Regulatory Compliance 47

Nanonets

NOVEMBER 29, 2023

The primary purpose of document approval is to ensure that all documents are accurate, complete, and in compliance with established standards and regulations. In critical areas like finance or legal, delays can result in non-compliance with regulations and financial penalties.

Automation 52

Automation Compliance Legal Process 52

PYMNTS

SEPTEMBER 5, 2019

Such a levy was not legal until last year’s South Dakota v. States and businesses alike have expressed confusion over legal requirements, and some governments are questioning whether the Supreme Court implied that an SMB exemption is necessary for such levies to be constitutional. Wayfair case went to the Supreme Court. .

Compliance 46

Compliance Laws Rules Governance 46

FICO

OCTOBER 26, 2017

As a result, financial institutions had to set up new processes, and most of the software vendors did not enhance their FATCA compliance solutions to cover the CRS reporting requirements. To enhance the tax compliance challenge: FATCA and CRS differ in the required reporting content. Life did not get easier.

Compliance 53

Compliance IRS Agreements Audit 53

FloQast

DECEMBER 13, 2023

Prior to the Sarbanes-Oxley Act (SOX), the last time we saw major changes in how public companies operate and report financial results was during the Great Depression. The lack of stock market regulations allowed for easy market manipulation and fraudulent activities. Enter the Sarbanes-Oxley Act (SOX) of 2002.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

MAY 7, 2024

This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors. Compliance and Regulation : Expense reconciliation is crucial for compliance with financial regulations and standards. Fraud Prevention: Expense reconciliation plays a critical role in fraud prevention.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

PYMNTS

FEBRUARY 15, 2018

Bank knowingly breached the Bank Secrecy Act’s reporting requirements by not creating and implementing a good enough anti-money laundering (AML) program. The bank was charged with failing to flag suspicious activity and inadequately reporting currency transactions. “ Since 2011, FinCEN claimed U.S.

Money Laundering 43

Money Laundering Fincen Office of the Comptroller of the Currency Settlement 43

Nanonets

SEPTEMBER 23, 2023

Encumbrance Accounting in Different Sectors Encumbrance accounting is utilized differently in government, public sector, and non-profit organizations, with unique requirements and regulations to ensure transparent financial management. Governments often have strict regulations governing budgeting, procurement, and financial reporting.

Accounts 52

Accounts Governance Government Fraud Prevention 52

Nanonets

FEBRUARY 9, 2024

ICFR runs the gamut of control systems and processes a company takes to ensure the validity of its financial statements and stay out of hot water with regulators, investors, and stakeholders. While ICFR seems complex, considering the abundant resources available, many steps are common sense and easily implemented.

Audit 52

Audit Risk Assessment Assessments Procedures 52

Nanonets

AUGUST 1, 2023

Audit Trail and Reporting: Throughout the automated procure-to-pay process, the system maintains a comprehensive audit trail, documenting each action taken on the documents. This audit trail serves as a record for compliance purposes, internal audits, and reporting requirements. How do you automate a workflow document?

Automation 40

Automation Payment APIs and Integration Audit Rules 40

Nanonets

JANUARY 17, 2024

Regulatory Compliance – Don’t Mess with The Law : Automated expense management ensures that you're always on the right side of the law, avoiding costly legal pitfalls. With ever-changing regulations, managing compliance manually is like juggling dynamite. One slip, and you're in a world of compliance chaos.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

AUGUST 2, 2023

It helps to track the movement of goods, ensures border security, and allows the US Department of Commerce to regulate the flow of goods in and out of the country.   This includes items that are classified under the International Traffic in Arms Regulations (ITAR) or the "600 series" of the Commerce Control List.

Automation 52

Automation Regulations Compliance Legal 52

PYMNTS

OCTOBER 1, 2019

Reports noted that Haddrill will step down from the position at the end of this month following a surge in criticism of the FRC after other high-profile corporate collapses, including those of Carillion and Patisserie Valerie. Previously, a committee of MPs slammed the FRC as “chronically passive.”

Continuity 51

Continuity Accounts Audit FTC 51