VISTA InfoSec

OCTOBER 26, 2023

Outcome The SOX has indeed encouraged companies to implement more robust controls, improved documentation, and increased standardization. Understanding the unique risk areas, reporting requirements, and controls of each standard can enhance compliance strategies, mitigate risks, and build a reputation for reliability and trustworthiness.

Audit 130

Audit Compliance Laws Governance 130

The Payments Association

OCTOBER 23, 2024

Firms with agents or distributors may require additional liquidity for safeguarding. Firms may be required to diversify their safeguarding providers. Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

The Finance Weekly

OCTOBER 31, 2021

Financial planning for NPOs can be difficult, as certain issues will present unique challenges to you, such as specific reporting requirements. This information must be compiled in an easily accessible format because it is critical in making decisions and judgments about the NPO's ongoing financial strategy.

Audit 130

Audit Accounts Finance Compliance 130

Nanonets

DECEMBER 29, 2023

Then accounts payable routes the matched (often paper-based) documents to the right approver and follows up with approvers when their approval isn’t timely.  Hubdoc is a Xero partner for OCR data capture that extracts data from documents and creates transactions in Xero.   Accounts payable pays the invoices in a batch.

Automation 59

Automation Accounts Checks AI 59

Nanonets

SEPTEMBER 25, 2024

These documents are often lengthy—sometimes running over 100 pages—making it challenging to grasp the key points quickly. Not just that, they are filled with legal jargon and clauses requiring specialised knowledge, making manual data extraction time-consuming, error-prone and generally inefficient. Black-box nature 5.

Indemnification 52

Indemnification Automation Payment APIs and Integration AI 52

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities.

Enrollments 66

Enrollments Crime B2B Money Laundering 66

Nanonets

APRIL 2, 2024

One method involves a thorough review of documents and transactions to verify their accuracy and consistency with bank statements.   The bank reconciliation process involves several steps: Gathering Necessary Documents: Collecting bank statements, checkbooks, deposit slips, and invoices, bills, and receipts for comparison.

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52

Nanonets

MAY 7, 2024

This process typically involves reviewing transactions, invoices, receipts, and other financial documents to verify that they match up with the company's records and budget. Expense report reconciliation is crucial for controlling costs and ensuring compliance with company policies and regulations.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

PYMNTS

AUGUST 20, 2018

via Coinbase, was closed – and the activity in Hong Kong allegedly was to avoid reporting certain information as required by law. In another allegation against Burrell, he evaded reporting requirements by attempting to smuggle as much as $1 million from Mexico into the U.S.

Money Laundering 41

Money Laundering Bitcoin Legal Framework Laws 41

Nanonets

AUGUST 2, 2023

AES simplifies the filing process by allowing you to submit your EEI online, reducing the need for paper documents 24/7. This system is designed to streamline the export reporting process, improve trade statistics, and ensure compliance with US export laws. Ensure that the EEI is filed within the required time frame.

Automation 52

Automation Regulations Compliance Legal 52

FloQast

MAY 7, 2024

However, storing that data in different locations across a wider tech infrastructure can lead to knowledge siloing and administrative confusion , with team members unable to access important documents or working on different versions of files. and options to allow access for external parties, such as auditors.

Reconciliation 52

Reconciliation Audit Automation Accounts 52

FloQast

APRIL 12, 2024

This document provides investors detailed information about your business operations, financial condition, management team, and risk factors. By understanding the form’s requirements and meticulously preparing your documentation, you can confidently navigate this process. What Is The SEC Form S-1?

Underwriting 52

Underwriting Indemnification Due Diligence Legal 52

Finovate

SEPTEMBER 18, 2024

Heightened money laundering The document also emphasizes that banks must exercise strengthened internal controls and anti-money laundering (AML) compliance requirements. Banks have long been subject to strict regulations and reporting requirements. It is time for fintechs to step up and share the responsibility.

Rules 52

Rules FDIC Non-Bank Money Laundering 52

FloQast

DECEMBER 13, 2023

This section contains the criminal penalties for destroying, altering, or falsifying documents to obstruct a federal investigation. This provision was partly motivated by the fact Arthur Andersen, Enron’s audit firm, destroyed documents related to the Enron audit to eliminate self-incriminating evidence.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Basis Theory

OCTOBER 1, 2024

So, while you may not need PCI Level 1 compliance, understanding the different levels of PCI compliance and the 12 PCI requirements will certainly help. PCI Levels allow organizations to understand and determine their reporting requirements when processing credit card payments. Learn more about PCI DSS Requirement 1.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Finovate

JUNE 20, 2024

The newer regulations are more complex and reporting on them is more frequent. Compliance platforms of the past are not able to cope with these new kind of reporting requirements. As a private SaaS platform, our proprietary AI software addresses the newer compliance requirements with ease.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

Nanonets

JUNE 29, 2023

With advanced OCR and machine learning capabilities, Nanonets can extract relevant information from various expense documents such as receipts and invoices. Scalable, and capable of handling large volumes of documents and data, thereby catering to businesses of all sizes. Transparent pricing policy.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

FEBRUARY 9, 2024

What is an Internal Controls Report? An Internal Control Report (ICR) is a document produced by a company's management team that details its efforts and results in implementing internal controls over financial reporting. In short, a lack of ICFR can very tangibly lead to the downfall of even a well-run company.

Audit 52

Audit Risk Assessment Assessments Procedures 52

EBizCharge

AUGUST 23, 2024

A manual bookkeeping system requires the use of paper journals and ledgers to record financial transactions. Each entry is made individually, often transcribed from physical documents such as receipts, invoices, or bank statements. Automated accounting: Allows for quick and detailed reporting with built-in analysis tools.

Automation 52

Automation Accounts Encryption Transactions 52

FloQast

MARCH 12, 2024

However, there are significant accounting and reporting requirements associated with this structure, so it’s crucial to discuss the decision with your tax advisor, IPO advisor, and legal counsel. This document should give investors a transparent and comprehensive view of your company.

Advisors 52

Advisors Due Diligence Audit Legal 52

FloQast

OCTOBER 27, 2023

Changing nature of business : Because of the changing nature of business and the business environment, compliance officers deal with more complex supply and distribution channels, increasing sophistication of fraud, and a complex labyrinth of laws and reporting requirements.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Global Fintech & Digital Assets

NOVEMBER 2, 2023

According to FinCEN, mixers are generally required to register with FinCEN if they do business as money transmitters wholly or in substantial part in the US. It would also be required to maintain any records documenting compliance with the requirements of the NPRM.

Fincen 52

Fincen Money Laundering Law Enforcement Non-Bank 52

Nanonets

JANUARY 17, 2024

Managing and storing digital receipts, invoices, and other expense-related documents can become overwhelming. This includes recording all changes and approvals related to expenses and having proper documentation readily available for audits. Expenses over $500: Require CFO approval. Travel expenses require a detailed itinerary.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

SEPTEMBER 23, 2023

This eliminates the need for manual record-keeping and reduces the risk of misplaced or lost documents. Additionally, accounting software can generate reports that provide a comprehensive overview of a business's financial health, such as profit and loss statements, balance sheets, and cash flow statements.

Small Business 52

Small Business Accounts Automation Compliance 52

Nanonets

SEPTEMBER 21, 2023

Businesses must stay updated with the latest regulations and ensure adherence to reporting requirements, tax laws, and industry-specific guidelines. When it comes to accounting, businesses must navigate a complex web of regulations and reporting requirements.

Accounts 52

Accounts Audit Payroll Compliance 52

Nanonets

JULY 25, 2023

Its advanced OCR technology can automatically extract relevant financial data from various sources such as invoices, receipts, financial statements, and other financial documents. As data volumes and reporting requirements increase, Nanonets can handle large volumes of data and accommodate changing reporting formats or regulations.

Automation 52

Automation Compliance Process Governance 52

EBizCharge

SEPTEMBER 6, 2024

Additionally, these features often provide detailed reporting and documentation, making it easier for businesses to file accurate tax returns and maintain transparency with tax authorities. By automating tax calculations, businesses reduce the risk of errors that can lead to costly penalties and audits.

Accounts 52

Accounts CRM Automation Audit 52

Nanonets

SEPTEMBER 21, 2023

A trial balance is a document that lists all of the company's accounts and their respective balances. The type of financial statements produced will depend on the reporting requirements of your business. Stage 3: Preparing Trial Balance The third stage of the accounting cycle involves preparing a trial balance.

Accounts 40

Accounts Adjustments Transactions Process 40

PYMNTS

FEBRUARY 13, 2020

academic institutions are legally required to offer check refunds to students, despite the option’s well-documented security weaknesses. Checks may be cumbersome and flawed, but they persist as one of the top methods by which businesses, legal firms and universities pass refunds to consumers, clients and students.

Direct Deposit 52

Direct Deposit ACH Checks P2P 52

PYMNTS

DECEMBER 28, 2016

In 2017, we will see the fate of the new FLSA overtime rule and the impact the updated reporting requirements for net asset clarifications and the additional disclosure information that will be needed,” the company said. Abila told PYMNTS that 2017 will be big for nonprofits awaiting the fate of that legislation. “In

FinTech 59

FinTech Rules Regulations Payroll 59

PYMNTS

JANUARY 3, 2017

regulators are apparently giving smaller banks a bit of a break when it comes to reporting requirements. Reports late last week said the Federal Reserve and other regulators will allow small banks that hold less than $1 billion in assets to file their required reports via more streamlined versions of those documents.

Regs 51

Regs Federal Reserve Regulations Rules 51

Nanonets

APRIL 7, 2025

Healthcare data extraction systems capture and extract crucial information from a variety of healthcare documents—patient records, insurance forms, lab results, billing information, regulatory compliance documents, and more. Over 71% of clinicians report feeling overwhelmed by the sheer volume of information available.

Automation 52

Automation Regulatory Compliance Compliance Payment APIs and Integration 52

Neopay

APRIL 14, 2025

This includes stricter record-keeping, more robust reporting requirements, and a requirement for an independent safeguarding audit. The end-state rules bring about a significant change by replacing the existing safeguarding requirements with a statutory trust model, similar to the FCA’s Client Assets Sourcebook (CASS).

Due Diligence 59

Due Diligence Audit Compliance Reconciliation 59

FloQast

DECEMBER 18, 2024

The monthly close comprises a set of steps, including capturing, reviewing and documenting transactions and expenses, which must be completed before a cutoff point. Supporting documents are in peoples email, on their local drive, or not organized properly in a shared drive. Do any of the following sound familiar?

Close Processes 98

Close Processes Process Accounts Adjustments 98

Finovate

FEBRUARY 7, 2025

The investment in Nuj comes as regulatory reporting requirements and calls for increased transparency for superannuation funds are growing. Global verification platform, Sumsub , launched its Australia DVS (Document Verification Service) solution. ” Headquartered in Sydney, Nuj was founded in 2020.

Payment APIs and Integration 64

Payment APIs and Integration API Non-Bank Compliance 64

The Payments Association

APRIL 14, 2025

Firms must now take a strategic approach to fraud risk, ensuring that prevention measures are not only documented, but demonstrably effective. Firms must ensure their promotions meet the required standards, supported by robust internal approval processes, monitoring systems, and clear documentation to demonstrate adherence.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

The Fintech Times

MAY 30, 2025

Smart contracts can do all kinds of things: Move money between parties Send alerts or updates Register ownership Approve access Issue documents or tickets Once a smart contract completes a task, its recorded on the blockchain. Things like anti-money laundering (AML), know-your-customer (KYC) checks, and reporting requirements.

Regulations 45

Regulations Blockchain Laws Risk 45