VISTA InfoSec

JULY 31, 2023

It is then up to the business to engage a consultant or take other appropriate measures to address the areas of non-compliance. Resource Hub and consulting the checklist to familiarize yourself with the requirements of Version 4.0 Upgrade your security settings and maintain documentation for configuration security hardening procedures.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

VISTA InfoSec

JANUARY 29, 2024

a Review documented policies and procedures to confirm that a process is established for regular evaluations of any system components that are not susceptible to malware, encompassing all elements specified in this requirement. Audit logs for the anti-malware solution(s) are activated and preserved in line with Requirement 10.5.1.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

FloQast

FEBRUARY 19, 2025

He brings over 13 years of experience, providing clients with business and technology audits, as well as providing control design assessment and process improvement services. Xavier has led numerous SOX and Internal Audit engagements for clients ranging from start-ups to Fortune 500 companies throughout his career at CFGI.

Advisors 52

Advisors Compliance Risk Audit 52

NFCW

JULY 17, 2024

The Commission then market tested Apple’s commitments and consulted interested third parties to verify whether the proposal would remove its competition concerns. To comply with the same industry standard-specifications as developers of HCE payment apps and to protect confidential information obtained in the context of an audit.

Payment Service Provider (PSP) 117

Payment Service Provider (PSP) Use Case Legal Agreements 117

Stax

DECEMBER 4, 2023

TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. Let’s get started.

Money Laundering 88

Money Laundering Compliance AML BSA 88

PYMNTS

AUGUST 7, 2019

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according to ABC.net news reports this week. Often, there is a conflict between the consulting business and the audit business of the big four firms.”.

Audit 51

Audit Consulting Regulations Procedures 51

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms).

Rules 88

Rules Payments Institute Authorization Reconciliation 88

Neopay

JANUARY 2, 2024

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. Policies and procedures form a key part of effective governance within any firm.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

Neopay

MARCH 14, 2024

It will be consulting this year on proposals to close gaps in protection and reduce risks of harm if firms fail. This includes proposals on firms’ systems and controls and improving FCA oversight through improved reporting and independent audit of firms safeguarding arrangements.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

The Fintech Times

SEPTEMBER 13, 2024

Leveraging the ‘power of ecosystems’ Sean Coyne , solutions consulting principal, treasury and capital markets at Finastra , the financial software provider, explains that cloud-based solutions may be the correct way forward. However, managing vast amounts of disparate data can complicate this challenge.

Compliance 72

Compliance FinTech Reconciliation Audit 72

PYMNTS

AUGUST 5, 2019

Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants. That news led to a Senate vote for the Parliamentary Joint Committee on Corporations and Financial Services to investigate conflicts of interest in auditing firms.

Audit 43

Audit Non-Bank Consulting Procedures 43

The Payments Association

OCTOBER 11, 2024

Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms. What’s next? It’s going to be a big effort for them to ensure that they are complying.”

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

The Payments Association

MAY 16, 2025

Applicable to large organisations, the offence imposes criminal liability if firms do not have adequate fraud prevention procedures in place, even if senior leadership is unaware of the misconduct. Next steps/action required: Commission a digital accessibility audit of all consumer-facing platforms and payment interfaces.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Neopay

DECEMBER 5, 2024

The Financial Conduct Authority (FCA) has issued important updates to its Financial Crime Guide, following a public consultation on proposed changes. Audit Support : Neopay provides independent audits of your financial crime systems, giving you peace of mind that your controls are robust and meet regulatory standards.

Financial Crimes 52

Financial Crimes Crime Money Laundering Risk Assessment 52

VISTA InfoSec

JULY 5, 2023

Patients can access online consultations with doctors. This widely accepted set of policies and procedures is designed to enhance the security of credit, debit, and cash card transactions, while also protecting cardholders from the misuse of their personal information.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. All of this recent guidance aims to deliver more certainty for banks and securities firms seeking to capitalise on developments in digital assets and tokenisation.

Authorization 59

Authorization Product Due Diligence Procedures 59

Stax

AUGUST 22, 2024

Payfacs need to have regular AML screenings and strictly implement KYC procedures. Additionally, you need to conduct regular compliance training for your staff and internal audits. To learn how you can facilitate payments for your SaaS customers easily, contact Stax today for a consultation.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Nanonets

SEPTEMBER 21, 2023

Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions. Utilizing compliance  software  and seeking professional advice from consultants can also help businesses navigate complex regulatory landscapes.

Accounts 52

Accounts Audit Payroll Compliance 52

Neopay

JUNE 27, 2024

If you are partnering with a consultancy firm, make sure they provide workshops and training to help you ensure that you have a good understanding of the regulations that apply and, more importantly, how they apply to your specific business model and services.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

FloQast

DECEMBER 13, 2023

It was known as the Corporate and Auditing Accountability, Responsibility, and Transparency Act. It prohibits auditors from providing certain consulting services to their audit clients and requires a rotation of the lead audit partner every five years.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

FloQast

FEBRUARY 21, 2024

And, although smaller public companies may not always be mandated to conduct an integrated audit, they are still required to present their auditors with a framework of their controls. Companies must be prepared for an integrated audit as they grow and expand. Non-compliance costs can be $4M or more.

Compliance 52

Compliance Audit Risk Accounts 52

PYMNTS

SEPTEMBER 18, 2020

Deloitte will be the first of the “Big Four” accounting firms to break up its business following the selection of a new auditing board. The firm, in addition to KPMG, EY and PwC, had been cautioned by regulators that their companies had to break off their consulting divisions from their audit arms.

Cross-Border 56

Cross-Border Audit SWIFT Procedures 56

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. This process has to be audit-proof. The intergovernmental agreements (IGAs) for FATCA consider a FATCA compliance check through the IRS – the audit trail is important to avoid getting the recalcitrant status.

Compliance 53

Compliance IRS Agreements Audit 53

Stax

JANUARY 15, 2024

Follow these tips to stick to federal regulations: Refer to federal regulations when drafting internal policies and procedures. Conduct regular internal audits—preferably on an annual or biannual basis—to assess ongoing compliance with federal regulations. In case of ambiguities, don’t hesitate to consult with state regulators.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Finance Weekly

JULY 31, 2023

His expertise spans financial analysis , budgeting, business partnering, financial storytelling, excel, and audit. This technology allows professionals to seek real-time insights, consult for expert advice, and access top-notch information in a more efficient manner.

AI 130

AI Finance Procedures Accounts 130

EBizCharge

JULY 16, 2024

Return and correction procedures Following NACHA standards, financial institutions and other network participants must adhere to precise returns and error correction procedures to ensure seamless payments and regulatory compliance within the ACH network.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

JULY 5, 2018

In one instance, payment card charges that were not consistent with procedures totaled to more than $29,000. Travel expenses were not approved, the audits found, prior to trips being taken. She was an employee at Lodestone Management Consultants, which eventually became Infosys Consulting.

Federal Trade Commission 41

Federal Trade Commission Venmo Crime PayPal 41

Segpay

DECEMBER 13, 2024

Organizations must establish procedures for secure and compliant data deletion without compromising system integrity. Organizations can ensure data privacy by implementing robust data privacy policies, conducting regular audits, and training employees on best practices for protecting data. How can organizations ensure data privacy?

Privacy 105

Privacy Compliance CCPA Authentication 105

EBizCharge

JULY 12, 2024

This policy outlines acceptable expenses, the procedures for submitting expenses for reimbursement, and the roles and responsibilities of staff and management in the expense reporting process. Enforcing explicit procedures for approval and reimbursement creates a standard for audits. What is an expense policy?

Compliance 52

Compliance Best Practices Procedures Process 52

Nanonets

MAY 8, 2023

Book a consultation call with our automation experts or start a free trial ! Nanonets also maintains a proper audit log for third-party inspections so you don’t have to save documents physically. Get on a free consultation call or start a free trial. Update your financial records on the go Keep all your books up to date.

Reconciliation 52

Reconciliation Automation Process Adjustments 52

Neopay

NOVEMBER 28, 2023

With 71% of organisations adopting advanced analytics, institutions are leveraging AI to optimise data usage and enhance compliance procedures. These challenges are further complicated by complex and ever-evolving procedures, regulatory pressures, and increasing alert numbers.

Financial Crimes 52

Financial Crimes Crime Compliance Money Laundering 52

Center for Payments

SEPTEMBER 15, 2022

The Payment Associations represent a group of hard-working payment experts dedicated to assisting financial institutions through business continuity planning education, consultative audits, and risk assessments, providing guidance through various payment rules and regulations.

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

EBizCharge

OCTOBER 25, 2023

Continuously create and update procedures Staying up to date on cyber security and ever-evolving threats is just one piece of the puzzle. Using this knowledge to create and update your procedures to address new threats is essential. Conduct data audits periodically to determine which data is essential.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

Nanonets

SEPTEMBER 14, 2023

Moreover, signature detection aids in proper record-keeping and auditing. Organizations can maintain clear and reliable records of signed documents, which can be invaluable in legal disputes, compliance audits, or internal reviews. Book a free consultation call with our automation experts. We would love to help.

Legal 52

Legal Authentication Disputes Agreements 52

Stax

JULY 25, 2024

Automates stock audits, forecasts low-stock items, and deducts sold items from inventory. It should help your business save time by automating stock audits, forecasting products running low in your inventory, and deducting sold items from your inventory. Seek recommendations by consulting with your peers.

Small Business 88

Small Business PCI DSS CRM Online and Mobile Banking 88

Ikajo

MAY 19, 2021

In this article, we’re going to deep dive into PCI DSS meaning, history, requirements, procedures, and costs. For large enterprises, a PCI DSS audit is needed. It lowers the cost of educating your employees and hiring external security consultants. What is PCI DSS? Tweak your environment to meet all the requirements.

PCI DSS 52

PCI DSS Compliance Encryption Security 52

Nanonets

MAY 31, 2023

Large businesses often have a centralized procurement department with its own employees and procedures. Services procurement: As the name suggests, this involves procuring workforce, services and consultancies.  Record-keeping is also essential for reference, auditing, and budgeting purposes.

Process 52

Process Automation Product Third Party Vendors 52