Sections
Regulation
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735FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold
The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title...
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1.3KEU Ups Bank Supervision To Stem Money Laundering
European Union governments have reached a preliminary deal to bolster bank supervision in the hopes of preventing money laundering. According to Reuters,...
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2.5KGDPR Compliance Stalls EMEA Acquisition Activity
A new survey shows that an increasing number of mergers and acquisitions (M&As) are not going through because of concerns over General...
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1.6KSmart Cities At Risk for GDPR Fines?
GDPR still has ripple effects, several months after its debut — and the ripple effects extend from Europe to U.S. shores. News...
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1.6KBig Tech’s FinServ Moves Prompt EU Regulatory Probe
Moves on the part of Amazon and Google to enter the financial services market is prompting European financial regulators to mull whether...
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1.4KUnder GDPR, EU Regulators Probe Data Brokers, Credit Rating Agencies
A campaign group has asked EU regulators to investigate several data brokers, credit rating agencies and adtech companies to see if they...
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1.9KFrance’s Finance Minister Wants EU-Wide Digital Tax By Year End
France is plowing ahead with its vision for a European Union-wide digital tax, with the country’s Finance Minister Bruno Le Maire saying he...
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2.9KTokenEx On PCI Scope Creep And Getting Into GDPR Gear
PCI compliance is vitally important for businesses that process credit cards. The standards put forth by the PCI Security Standards Council – the...
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1.8KTrump ‘Looking Into’ Big Tech Antitrust Activity
Driven by President Donald Trump, the federal government will continue to study the technology-heavy hitters in Silicon Valley to identify any potential...
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1.4KChina To Increase Regulation Of Financial Holding Companies
China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial...
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4.3KAuto-Tracking Road Warrior Employees As The Wheels Go ‘Round
A handful of states — most recently Illinois — have changed labor laws and business mileage reimbursement practices. Tracking gas costs, and paying...
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4.1KChina Gives Nod To Wholly Owned Foreign Banks
Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules...
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2.2KFed Mulls Big Bank Rules Change On Oct. 31
The U.S. Federal Reserve will consider some deregulation for all but the nation’s largest banks at a board meeting at the end...
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4.2KOCC Fines Capital One $100M Over AML Lapse
The Office of the Comptroller of the Currency (OCC) announced that it has fined Capital One $100 million due to shortcomings in...
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1.9KWells’ ‘Cross-Selling’ Biz Draws $65M Fine
The New York Attorney General announced that Wells Fargo & Company has agreed to pay a $65 million fine in connection with...
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2.4KSingapore Eyes ‘Bringing Together’ Banks And FinTech Firms
FinTech and FI collaborative efforts are getting a leg up and support from regulatory bodies. In Singapore, the goal is a balanced...
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2.8KAirbnb Faces Regulation In Washington, DC
The district council in Washington D.C. will vote this week on legislation that will decide if short-term rental travel accommodations companies such...
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2.0KPost-Wonga Collapse, FCA Scrutinizes Payday Lenders
Britain’s financial regulator has sent a warning to payday lenders after rising complaints following the collapse of Wonga. According to Reuters, the...
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2.0KState Regulators Report: Money Services Firms Handled $1.2T In 2017
As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry...
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3.1KWhite House Closing In On Marijuana Regs
One Washington Representative said that the Trump administration plans to take on cannabis regulation reform after the midterm elections. Rep. Dana Rohrabacher,...
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3.2KChina Central Bank Creates AML Regulations For Online FIs
The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). According to...
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2.0KTreasury Targets Chinese Investors With New Tech Regulation
A U.S. Treasury-led interagency committee is now requiring foreign investors involved in deals that could give them access to critical technology to...
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1.7KStandard Chartered To Face Fines Over Iran Sanctions?
The collision of geopolitics and banking continues in headlines tied to sanctions, the SWIFT payment system, SWIFT’s connection to Iranian banks and...
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2.3KWhatsApp Caves To India Payments Data Demands
WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to...
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1.9KEU Probes Regulator Oversight On Danske Money Laundering Scandal
The European Union’s (EU’s) banking supervisor wants to know more about how Denmark’s financial watchdog supervised Danske Bank, which is being investigated...
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2.1KFacebook Faces Billions In Possible GDPR Fines
The impact of Europe’s General Data Protection Regulation (GDPR) continues to take shape roughly five months after taking effect, and Facebook could...
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2.0KCFTC Ups Crypto Regulation In 2018
The Commodity Futures Trading Commission (CFTC) reported an increase in enforcement actions in the last fiscal year, partly due to a rise...
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2.5KUS Regulators Lead Pack In Penalties On Firms And Individuals
In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops...
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2.7KOCC Unhappy With Wells’ Response To Auto Lending Scandal
The Office of the Comptroller of the Currency (OCC) isn’t satisfied with the progress Wells Fargo has made in reimbursing customers who...
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2.5K
For GDPR, First UK Notice Comes In Wake Of Facebook Scandal
Headlines tied to the General Data Protection Regulation (GDPR) as of late have been focused on what possible fines might be levied...
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2.9KCase In Musk? SEC Getting Tougher With Execs
Securities law experts say that the U.S. Securities and Exchange Commission’s recent settlement with Tesla’s Elon Musk is proof that the agency...
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2.6KSEC Fines Investment Firm VFA $1M For Shaky Security
The Securities and Exchange Commission (SEC) has hit Voya Financial Advisors (VFA) with a $1 million fine for a failure to implement...
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4.3KWePay’s Aberman On Why Compliance Capability Is Better Bought Than Built
Sending a payment looks easy from the front end — so easy, in fact, that it can be hard to believe how complicated...
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1.9KAmazon And Google Face New European Problems
European regulators this week continued to show their love, respect and admiration for U.S.-based tech and eCommerce firms, removing hurdles that might...
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2.2K
Credit Suisse Censured By FINMA For Lax Anti-Money Laundering Processes
Credit Suisse has been censured by FINMA, the Swiss financial supervisor, for weak anti-money laundering processes, reported Financial Times. According to the...
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2.5KFTC Chairman Eyes Tougher Tech Enforcement
The chairman of the Federal Trade Commission (FTC) said he might consider getting tougher on antitrust enforcement, which would have an impact...
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2.1KInternet Association Says Companies Support National Data Privacy Rules
The Internet Association, a group that represents Facebook, Amazon and Alphabet’s Google, among other technology and internet companies, said on Tuesday (Sept. 11)...
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1.8KWells’ Plan To Compensate Auto Insurance Holders Rejected
Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Reuters,...
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2.2KFacebook, Google, Publishers Go Head-To-Head Over ‘Digital Use’ Payments
The European Parliament is set to vote this week on copyright legislation that would make media internet platforms pay for the content...
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3.1KFanDuel, DraftKings Launch Online Gambling Products
Bet on it: More gambling is coming to consumers’ mobile devices, including via companies that provide fantasy sports betting, thanks to a...
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3.5K
British Airways Data Hack A Test Case For GDPR
GDPR compliance has yet to be fully embraced by firms on a global scale, yet headlines from this past week show just...
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2.7KUS State AGs Mull Tech Regulation
U.S. state attorneys general are working together to figure out the best way to regulate internet powerhouses such as Facebook, Twitter and...
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2.3KCompliance Via Webstore
FinTechs know now that automation can be a key to success. So it is with compliance and risk. Know your customer (KYC)...
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2.8KIdentityMind Debuts RegTech Webstore
IdentityMind Global has announced the launch of its IdentityMind Webstore, an online RegTech marketplace that enables firms to integrate regulatory compliance functions directly...
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3.5KIdentityMind On The Need For FinTech Compliance Marketplaces
Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list. Automating that compliance is now a “need to...
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3.2KDigital Privacy, Security Issues Take Spotlight At Congressional Hearings
Top executives from Twitter and Facebook sought to reassure U.S. lawmakers on Wednesday (Sept. 5) that they can better protect users from...
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3.5KSummer Wanes, But As GDPR Gains Steam, Security Complaints Heat Up
Summer is ending – but less than four months into the General Data Protection Regulation (GDPR), might complaints about security be heating...
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3.1KDeutsche Bank CEO: Banking Reg Hurts X-Border M&A
Deutsche Bank’s Chief Executive Christian Sewing said on Wednesday (August 29) that the banking regulations in Europe remain fragmented, hurting the opportunity...
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1.4K
GDPR Prompts Flood Of Data Complaints
The number of complaints filed with the U.K. data protection watchdog has more than doubled since the General Data Protection Regulation (GDPR)...
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3.0KGDPR Compliance Yet To Gain Traction
The initial verdicts of General Data Protection Regulation (GDPR) are in, at least in terms of compliance – or lack thereof. In...
