compliance

In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations.

Source: merriam-webster.com

Credit Unions Assume New Role In AML Fight

Credit Unions Assume New Role In AML Fight
Credit Unions Assume New Role In AML Fight
December 14, 2018  |  Credit Unions

Credit unions (CUs) aren’t law enforcement agencies by design. However, anti-money laundering (AML) regulations like the Bank Secrecy Act can force CUs into the uncomfortable...

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India’s ATM Closures Seen As Boost To Demonetization Efforts
India’s ATM Closures Seen As Boost To Demonetization Efforts
December 14, 2018  |  Cash

In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of its currency invalid....

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Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
December 14, 2018  |  Bank Regulation

 Multiple regulators issued a joint statement encouraging banks to embrace innovation when it comes to battling financial crime.  In an interview with PYMNTS, DLA Regulatory...

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How AML Regulations Are Pulling Credit Unions Into Law Enforcement
How AML Regulations Are Pulling Credit Unions Into Law Enforcement
December 13, 2018  |  Credit Unions

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Amid GDPR Probe, Mobike To Sell Europe Branch
Amid GDPR Probe, Mobike To Sell Europe Branch
December 12, 2018  |  Regulation

Chinese bike-sharing company Mobike might be looking to spin off its European arm after it was revealed that it’s being investigated for possible breach of the...

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US Regulators Urge Tech Innovation To Combat Financial Crime
US Regulators Urge Tech Innovation To Combat Financial Crime
December 04, 2018  |  Security & Fraud

Several regulatory agencies issued a joint statement Monday (Dec. 3) that urged banks to study and implement “where appropriate” methods that would bring innovate approaches...

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Using Automation To Accelerate Onboarding And Prevent Digital Fraud
Using Automation To Accelerate Onboarding And Prevent Digital Fraud
November 28, 2018  |  Security & Fraud

Gold is like, well, gold to cybercriminals — that’s why knowing who’s trading it is crucial. The challenge, says COO Paul Mennega of Goldmoney, a...

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EU Watchdogs File Privacy Complaint Against Google
EU Watchdogs File Privacy Complaint Against Google
November 27, 2018  |  Security & Fraud

Google is facing a privacy complaint filed by a group of European consumer watchdogs that contend the internet giant used manipulative tactics to track the...

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KYC In The Precious Metals Business
KYC In The Precious Metals Business
November 27, 2018  |  Security & Fraud

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