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

FICO

DECEMBER 15, 2020

On December 18, the Bureau issued a Part 2 final rule detailing disclosures for the collection of time-barred debt, changes to the validation notice, and furnisher credit reporting requirements. BSA/AML Reforms Are on their Way - Even With a Looming Presidential Veto. to report their beneficial owners to FinCEN.

BSA

The Payments Association

APRIL 14, 2025

Following the UKs departure from the EU, the caps that previously limited these fees no longer apply. In response, the PSR has proposed reintroducing caps on these fees to restore competitive balance, support UK businesses, and protect consumers. to 1.15%, and credit card fees jumping from 0.3%

Regulations