Neopay

MARCH 15, 2024

HM Treasury has initiated an open consultation aimed at refining the Money Laundering Regulations (MLRs) to bolster their effectiveness while reducing burdens on legitimate customers. To read the Improving the effectiveness of the Money Laundering Regulations consultation document, click here.

Money Laundering 52

Money Laundering Consulting Treasury Regulations 52

Fintech News

JUNE 19, 2024

We are pleased to partner with Sumsub, following a rigorous due diligence process. In addition to providing technology, we always aim to be trusted consultants to our clients.” In light of this, banks cannot meet these on their own – they need help from specialists.

Compliance 109

Compliance Due Diligence Fraud Prevention Money Laundering 109

Payments Source

APRIL 3, 2018

The cryptocurrency and blockchain related failure rate is comparable to other technology startup categories and manageable with the right due diligence, writes Cahill Puil, founder of the consultancy Byte Media Group.

Due Diligence 63

Due Diligence Consulting Cryptocurrency Blockchain 63

VISTA InfoSec

NOVEMBER 4, 2024

Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program. Don’t wait and book a free, one-time consultation by filling out the Enquire Now form now and start your journey to secure your DORA compliance today!

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Global Fintech & Digital Assets

JANUARY 8, 2024

By Simon Hawkins and Adrian Fong On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) released a consultation paper on their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (Consultation Paper).

Stablecoins 59

Stablecoins Consulting Issuers Non-Bank 59

Fintech News

FEBRUARY 21, 2024

Strategic Enhancement of MAS Enforcement Powers A cornerstone of the FIMA Bill, as broken down in detail in the ‘ Consultation Paper on Proposed Amendments to MAS Investigative and Other Powers under the Various Acts ‘, is the enhancement of MAS investigative and enforcement powers.

Financial Crimes 113

Financial Crimes Crime Authorization Consulting 113

VISTA InfoSec

NOVEMBER 4, 2024

Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program. Don’t wait and book a free, one-time consultation by filling out the Enquire Now form now and start your journey to secure your DORA compliance today!

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program. Don’t wait and book a free, one-time consultation by filling out the Enquire Now form now and start your journey to secure your DORA compliance today!

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program. Don’t wait and book a free, one-time consultation by filling out the Enquire Now form now and start your journey to secure your DORA compliance today!

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

The Fintech Times

APRIL 10, 2024

Capitalising on new technology Martin Hartley, group CCO of emagine Consulting According to Martin Hartley , group CCO of emagine Consulting , a high-end business consultancy firm specialising in the financial services sector, the secret for fintech funding’s revival lies in the technology being offered.

FinTech 116

FinTech Consulting Due Diligence Returns 116

Stax

AUGUST 22, 2024

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority (FCA) is consulting on new rules and guidance to strengthen the safeguarding of consumer funds in the payments and e-money sectors. Conducting thorough due diligence on these third parties is essential to ensure they meet the necessary standards of security and reliability.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. Engaging with AML experts and consultants AML is an ever-evolving field.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

The Fintech Times

JULY 3, 2024

Silvija Krupena , director of the financial intelligence unit at RedCompass Labs Silvija Krupena , director of the financial intelligence unit at financial consulting firm RedCompass Labs , comments: “It’s important that social media platforms don’t get let off the hook when it comes to reimbursing victims of online fraud.

Scams 105

Scams Financial Crimes Due Diligence Crime 105

The Fintech Times

JUNE 20, 2024

“We are pleased to partner with Sumsub, following a rigorous due diligence process. “In addition to providing technology, we always aim to be trusted consultants to our clients. We remain committed to referring best-in-class solutions that meet their unique requirements.”

Compliance 59

Compliance Process APACS Money Laundering 59

EBizCharge

JANUARY 21, 2025

Many small businesses (independent consultants or home-based companies) also use virtual terminal payments to process card and electronic payments without additional hardware or a card reader. Merchants should do their due diligence to implement a secure virtual terminal that protects their business and builds customer trust.

Credit Cards 52

Credit Cards Encryption ACH Process 52

Neopay

NOVEMBER 25, 2024

The Financial Conduct Authority (FCA) recently released its consultation document on proposed changes to the safeguarding regime for payments and e-money firms. The FCA’s consultation provides a roadmap to better safeguarding practices and consumer protection. Firms will need to ensure they are audit-ready throughout the year.

Consumer Protection 52

Consumer Protection Consumer Audit Compliance 52

FICO

DECEMBER 6, 2019

It is the responsibility of the banks that provide those services to carry out due diligence, to meet their legal obligations under AML regulation. Companies set up to launder money or facilitate other criminal behaviour will still need financial services, including bank accounts. How to Improve the Process.

AML 52

AML Checks Due Diligence Money Laundering 52

Fintech News

MAY 22, 2024

For larger enterprises and the consultants assisting them, Arctic Intelligence offers the Risk Assessment Platform. Asset managers, banks, auditors, exchanges and others can use the product as a due diligence tool to help filter for suspicious accounting, fraud in the accounts and weak corporate governance. Transparently.AI

Financial Crimes 103

Financial Crimes Crime APACS Risk Assessment 103

PYMNTS

FEBRUARY 28, 2019

“Companies can’t afford to drop the ball on cyber risk, which is why conducting cyber risk due diligence has become an essential part of the M&A process,” wrote Deloitte in a separate report , which urges companies to develop a cybersecurity strategy prior to any merger.

Risk 65

Risk Data Breach Third Party Vendors Cybersecurity 65

Neopay

APRIL 26, 2024

Due diligence requests from regulated business partners and third parties are also increasing as the FCA’s more assertive approach ripples through the industry. Due diligence requests from regulated business partners and third parties are also increasing as the FCA’s more assertive approach ripples through the industry.

Audit 59

Audit Due Diligence Compliance Adjustments 59

Fintech Labs Insights

MARCH 24, 2016

You say you wanna revolution in due diligence, but would love to see the plan? OutsideIQ has leveraged its strengths in cognitive computing and natural language processing to deliver an automated due diligence solution, DDIQ. Finovate: What problem does OutsideIQ solve? Finovate: How does DDIQ solve the problem better?

Due Diligence 14

Due Diligence Audit Regulatory Compliance Assessments 14

Faster Payments Council

SEPTEMBER 23, 2023

Speakers: Matt Brazda, Cross River; Mayank Singhal, Circle; Scarlett Heinbuch, Atlanta Fed; Marcia Klingensmith, FinTech Consulting 3:10pm-3:20pmCT: Networking Break (Foyer) 3:20pm-4:25pmCT: Panel Session – Accelerate the Pace of Faster Payments Implementation in the U.S.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

Neopay

JANUARY 25, 2024

It also introduced new provisions in Article 19b to Directive (EU) 2015/849, mandating the EBA to clarify the due diligence requirements CASPs should apply in high ML/TF risk situations, and when entering into correspondent relationships with respondents that are CASPs from non-EU countries.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

The Payments Association

OCTOBER 14, 2024

This decision follows consultations with payment service providers (PSPs) and pressure from The Payments Association after concerns that the higher cap would impose heavy financial burdens on smaller firms and start-ups. PSPs should have systems that can identify potential indicators of fraud and flag them for further investigation.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

Neopay

DECEMBER 6, 2023

Collaboration with experts : Engaging external experts, like compliance consultants , provides independent assessments aligned with the spirit of skilled person reviews. This aids day-to-day operations and serves as evidence of due diligence during regulatory reviews.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

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

PYMNTS

OCTOBER 22, 2018

With financial crime on the rise, CGI HotScan360 aims to deliver integrated, intelligent and real-time anti-money laundering (AML), customer due diligence and fraud detection capabilities. CGI has announced the launch of CGI HotScan360, an enhanced version of its industry leading HotScan solution.

Risk Mitigation 43

Risk Mitigation Mitigation Compliance Risk 43

The Fintech Times

JULY 15, 2024

In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. DIFC VASPs in DIFC are regulated by the DFSA, which introduced its crypto token regime on 1 November 2022.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

Innovative Payments Association

DECEMBER 10, 2024

Next, “vetting” means unlike other regulators, the FDIC does not have a formalized process to ensure that large bank examination teams and other relevant stakeholders are consulted before making changes or decisions, such as escalation decisions. The FDIC claims they need to amend the brokered deposit rules due to Synapse.

FDIC 52

FDIC Due Diligence Federal Reserve Rules 52

Fintech News

JANUARY 24, 2024

In May 2023, the MAS released a Consultation Paper on amendments to the Payment Services Regulations 2019, introducing new measures for Digital Payment Token (DPT) services, including a requirement for customer asset safekeeping under statutory trust. The company provides crypto assets, as well as custody and clearing infrastructure services.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

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. The due diligence process for third parties, which include authorised credit institutions, custodians or insurance providers, needs to be available and evidenced. This includes imposing safeguarding reviews.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

PYMNTS

JULY 2, 2018

This is the broadest, [most] sweeping piece of privacy legislation in the nation now, without question, so we are doing our due diligence as to what it means,” said Brad Weltman, vice president of public policy at the Interactive Advertising Bureau , an internet advertising trade body that has members including Google, Facebook and Microsoft.

Laws 40

Laws Privacy Due Diligence Breach 40

Global Fintech & Digital Assets

FEBRUARY 13, 2024

By Simon Hawkins and Adrian Fong On 8 February 2024, the Financial Services and the Treasury Bureau (FSTB) released a consultation paper on its legislative proposal to introduce a regulatory regime governing over-the-counter (OTC) trading of virtual assets (VA) in Hong Kong (Consultation Paper).

Regulations 59

Regulations Money Laundering Consulting Stablecoins 59

FICO

MAY 20, 2021

According to Accenture Consulting, the costs of managing an AML program have increased by as much as 20.6% Automated data gathering for investigations Due diligence, transaction monitoring and/or sanctions. A United States Government Accountability Office (GAO) study found that financial institutions spend between 0.4%

Financial Crimes 52

Financial Crimes AML Crime Automation 52

Fintech Labs Insights

JANUARY 26, 2017

Aqubix is a complete, centralized, management tool for all your customer due diligence (CDD), compliance, and anti-money laundering (AML) procedures. He has hands-on experience in all areas of IT, including as a developer, consultant, and trainer in many industries. Pick up your tickets today and save your spot. Presenters.

Due Diligence 20

Due Diligence Money Laundering Consulting AML 20

FICO

MARCH 13, 2017

I know banks that hired teams of expensive external consultants to manually check if any of millions of customers owned a company in Panama. If accepted, the customer would be put in the high-risk segment, with enhanced due diligence. How do you check? A manual check has multiple disadvantages: It’s costly and slow.

Money Laundering 45

Money Laundering Database Due Diligence BSA 45