fines

RBI Fines 19 Lenders For SWIFT Non-Compliance
RBI Fines 19 Lenders For SWIFT Non-Compliance
March 05, 2019  |  Regulation

The Reserve Bank of India (RBI), the country’s central banking institution, has fined almost 20 lenders, including the State Bank of India and ICICI Bank,...

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UK Fines Countrywide In AML Crackdown
UK Fines Countrywide In AML Crackdown
March 05, 2019  |  Regulation

U.K. estate agent Countrywide has been fined £215,000 (more than $283,000 USD) for failing to comply with the country’s money laundering prevention rules. According to Financial...

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EU Antitrust Reg Margrethe Vestager Plans Big Tech Policy Report
EU Antitrust Reg Margrethe Vestager Plans Big Tech Policy Report
January 21, 2019  |  Regulation

Margrethe Vestager, the European Union’s top antitrust cop, is coming to the end of her term as antitrust enforcer, but not before she plans to...

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Supply Chain Compliance Dives Into The Data
Supply Chain Compliance Dives Into The Data
January 14, 2019  |  B2B Payments

Corporates cannot afford to manage compliance in isolation. With the globalization of supply chains, entering new markets and working with unfamiliar partners can introduce major...

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Android Apps Feed Facebook User Data, Violate EU Reg
Android Apps Feed Facebook User Data, Violate EU Reg
December 31, 2018  |  Facebook

Some popular apps for Android smartphones are feeding data to Facebook without user consent, which could be a breach of the European Union’s (EU’s) General...

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Wells To Pay $575M Over Customer Abuse Claims
Wells To Pay $575M Over Customer Abuse Claims
December 28, 2018  |  Bank Regulation

Wells Fargo, implicated in a far-reaching banking scandal where it was accused of creating fake accounts and charging customers for services they didn’t sign up...

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SEC Fines Wealthfront, Hedgeable For Misleading Consumer Claims
SEC Fines Wealthfront, Hedgeable For Misleading Consumer Claims
December 26, 2018  |  Regulation

The Securities and Exchange Commission announced late last week that it settled with Wealthfront Advisors and Hedgeable, two FinTech robo-advisors, for misleading investors. According to reports,...

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PSD2 Is Coming — Are Merchants Ready?
PSD2 Is Coming — Are Merchants Ready?
December 20, 2018  |  Security & Fraud

From using instant messaging to getting directions and shopping online, consumers are constantly generating a trail of data about their preferences and whereabouts. However, while...

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Denmark Demands Danske Bankers ‘Be Held Accountable’
Denmark Demands Danske Bankers ‘Be Held Accountable’
December 20, 2018  |  Security & Fraud

Denmark wants the former Danske Bank employees who were recently arrested to “be held accountable” for their actions. Earlier this week, eight people in Estonia...

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