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Google Quits Cookies As Data Privacy Regs Show Fangs

PYMNTS

It will be an interesting year or two as world governments take on the web’s mightiest to see what the rules will be and punish those who ignore the new regulations. retailers and eCommerce sellers are seeking more effective identity solutions to prevent a wave of “instant money” cybercrime while new rules get sorted out.

Privacy 115
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Europe's strong authentication regs mired in confusion

Payments Source

Payment companies have made substantial investments into new identity rules in Europe, but the deadline has become a moving target with different agencies offering conflicting or unclear guidance.

Regs 85
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Alibaba Single’s Day 2020: Sales Records Broken, But New Chinese Regs Spoil The Party

PYMNTS

The stock fell after the Chinese government announced new antimonopoly rules that will increase the pressure on eCommerce marketplaces and payments services. According to news site TechNode, the new rules will apply physical-economy statutes to the digital-first economy. percent drop in its stock on the Hong Kong Stock Exchange.

Regs 95
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New processing regs are bearing down on all payment companies

Payments Source

Firms will need to adjust to ISO 20022 and new SWIFT rules as data protection takes center stage, says says ACI Worldwide's Craig Ramsey.

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Data localization rules are just as disruptive as privacy regs

Payments Source

As the payment industry continues to innovate and expand across borders, it increasingly will need to be mindful of data regulations requiring data localization that multiply the complexities and cost of creating a seamless data flow and user experience, Alston & Bird’s Richard Willis and Laura K. Song write.

Regs 67
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Why cryptocurrency businesses need to heed FinCEN's onboarding regs

Payments Source

For cryptocurrency entrepreneurs in particular, many of whom are just developing the anti-money laundering programs they are required to have under other FinCEN rules, the CDD rule is worth taking note of, writes Laurel Loomis Rimon, senior counsel at O'Melveny & Myers LLP.

Fincen 71
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Swiss Regs Say JPMC Breached AML Rules

PYMNTS

JPMorgan Chase’s Swiss subsidiary broke anti-money laundering rules in that country, according to FINMA, the Swiss financial markets authority. The FINMA ruling, which came on June 30, claims the banking giant “seriously infringed” on rules governing anti-money laundering provisions, as confirmed by a Nov.

AML 43