The Fintech Times

APRIL 7, 2025

In the anti-fraud strategy, Innovate Finance advocates for a data-sharing approach across sectors, regulators and the law enforcement industry, to industrialise the UKs use of technology to spot and stop fraud and enable all financial firms to access and use these solutions. per cent of all reports received.

Law Enforcement 45

Law Enforcement Innovation Finance Origination 45

Fintech News

OCTOBER 6, 2024

The report also highlights measures to deter the misuse of shell companies, including the introduction of stricter registration requirements and the enforcement of nominee director rules. On effective enforcement, the IMC proposes strengthening the legislative tools available to law enforcement agencies.

Money Laundering 123

Money Laundering Law Enforcement Due Diligence Financial Crimes 123

Fi911

JUNE 9, 2025

Rules should flag emails with slight domain variations, urgent payment requests, or changes to banking details. Law enforcement coordination requires established relationships. International law enforcement partnerships become crucial for cross-border transfers. Customer communication demands careful balance.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

Payments Source

SEPTEMBER 30, 2018

Visa also works with law enforcement agencies to quantify potential losses and, where possible, assist in the threat mitigation. Visa is pursuing the online criminals to prevent future fraud.

Law Enforcement 106

Law Enforcement Mitigation Laws Payment Networks 106

PYMNTS

NOVEMBER 18, 2016

China’s recently launched cybersecurity law is getting the support of Alibaba and Tencent Holdings. The new law, which puts broad restrictions on technology companies in China, is aimed at removing cybersecurity threats from industries it deems critical and at fighting terrorism, reported Fortune. This marks a step forward for China.

Cybersecurity 69

Cybersecurity Laws Law Enforcement Compromise 69

Payments Source

MAY 16, 2018

A long-anticipated financial rule could help law enforcement root out illegal activity, but it requires banks to keep extra-close tabs on certain business clients. That won't be easy.

Fincen 62

Fincen Rules Law Enforcement AML 62

PYMNTS

MARCH 20, 2020

The policy being drafted by India’s trade ministry also calls for a new regulator to provide oversight and enforce compliance. The regulator will have the authority to request information from tech firms and also enforce other Indian laws aimed at consumer protection and fair competition, the sources said.

Rules 73

Rules Law Enforcement Laws Regulations 73

PYMNTS

MARCH 8, 2020

A French court has decided that bitcoin is money, the first time a court in France has issued such a ruling, according to a report from Les Echos Sunday (March 8). The result of the ruling could lead to more activity in the French bitcoin market. This ruling could encourage more activity in the French Bitcoin market.

Bitcoin 112

Bitcoin Law Enforcement Cryptocurrency Rules 112

PYMNTS

AUGUST 14, 2020

Regulators and law enforcement will try their best to recoup the money, he told China Central Television Friday (Aug. as Chinese firms rush to go public before tough new federal disclosure rules go into effect. regulators, a move that would put the firms in conflict with secrecy laws in China. 14), per the report.

P2P 126

P2P Law Enforcement Audit Non-Bank 126

PYMNTS

SEPTEMBER 22, 2016

The Russian Federal Security Service and the Ministry of Communications is getting more involved in the internet business game, with Forbes reporting the two agencies in Russia will adopt rules that enable them to decrypt code by internet service providers and search engines. Google, Yandex, Mail.ru The report noted U.S.

Rules 58

Rules Law Enforcement Encryption Laws 58

VISTA InfoSec

SEPTEMBER 30, 2024

To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. and PDPA in Singapore that reflects the growing need for privacy specialists in organizations.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. and PDPA in Singapore that reflects the growing need for privacy specialists in organizations.

CCPA 130

CCPA Privacy Laws Data Breach 130

PYMNTS

MARCH 1, 2020

The facial recognition app Clearview AI was banned from Apple ’s developer program after allegedly violating the iPhone maker’s rules, Buzzfeed News reported on Friday (Feb. Analysis by BuzzFeed News of Clearview AI’s app for Apple’s mobile operating system discovered that Clearview broke rules about the distribution of its apps.

Law Enforcement 60

Law Enforcement AI Blocks Laws 60

VISTA InfoSec

OCTOBER 21, 2024

Overcoming language barriers and security vulnerabilities Talking to people in a language they understand makes it easier for them to follow security rules. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

The Payments Association

OCTOBER 21, 2024

The rule changes provide stronger consumer protection but also raise concerns about industry costs and potential fraud exploitation. Collaboration between regulators, law enforcement, and the counter-fraud community is needed to ensure the effectiveness of the reimbursement scheme and to mitigate emerging fraud risks.

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

PYMNTS

MAY 14, 2020

Brian Huseman, a vice president of public policy at Amazon, said in a blog post that each of the nation’s states have different rules when it comes to price gouging. The disparate standards among states present a significant challenge for retailers working to assist law enforcement, protect consumers, and comply with the law,” Huseman wrote.

Laws 57

Laws Federal Trade Commission Law Enforcement FTC 57

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

NOVEMBER 11, 2020

The stock fell after the Chinese government announced new antimonopoly rules that will increase the pressure on eCommerce marketplaces and payments services. According to news site TechNode, the new rules will apply physical-economy statutes to the digital-first economy. percent drop in its stock on the Hong Kong Stock Exchange.

Regs 95

Regs NOV Law Enforcement Economy 95

Neopay

APRIL 22, 2024

The UK’s company law landscape underwent significant changes with the enactment of the Economic Crime and Corporate Transparency Act, effective from 4th March 2024. The post Changes to UK company law appeared first on Neopay. Here is a summary of what you need to know about the new measures.

Laws 52

Laws Due Diligence Crime Law Enforcement 52

PYMNTS

NOVEMBER 30, 2020

The appeals court upheld Yancheng’s lower-level district court’s ruling, which was announced on Sept. 22, noting that "the seized digital currencies will be processed pursuant to laws and the proceeds and gains will be forfeited to the national treasury," reported The Block, citing the ruling. billion) from more than 2.6

Bitcoin 67

Bitcoin Law Enforcement Blocks Cryptocurrency 67

PYMNTS

FEBRUARY 11, 2020

The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has issued a new ruling on the reporting of currency transactions for sole proprietorships and legal entities operating under a “Doing Business As” (DBA) name, according to a Monday (Feb. Those rules were based on FinCEN Form 104, which is now obsolete.

Fincen 52

Fincen Rules Transactions Law Enforcement 52

PYMNTS

AUGUST 4, 2016

According to a statement from Tarabella, Tinder breaches the EU’s rules when it comes to data protection because it encourages its users to agree to unclear clauses concerning how their personal data will be used, even once their accounts with the dating app are closed. The lack of transparency cannot be the rule,” Tarabella said.

Laws 41

Laws Law Enforcement Rules Consumer Protection 41

PYMNTS

FEBRUARY 20, 2020

Because of the change, data and privacy will leave the data of tens of millions of people under less protection, and it will be subject to more scrutiny by British law enforcement. companies, is staying in the EU and will keep some of the EU’s famously stringent data protection rules, the General Data Protection Regulation.

Privacy 56

Privacy Law Enforcement Laws Rules 56

PYMNTS

MAY 21, 2019

Allied Wallet was accused of processing payments for firms that were known by law enforcement agencies as fraudulent, such as Stark Law, a debt collection scheme; TelexFree, a pyramid scheme; and MOBE and Digital Altitude, business coaching schemes that told customers they would make a large amount of extra income.

FTC 76

FTC Federal Trade Commission Law Enforcement Scams 76

PYMNTS

OCTOBER 1, 2020

Mitiga is working with law enforcement after uncovering a widespread business email compromise (BEC) scam that has netted more than $15 million. Mitiga also said in the post that it recommends safeguards for companies that could have been affected.

Business Email Compromise 73

Business Email Compromise Scams Email Compromise Wire Transfer 73

PYMNTS

AUGUST 14, 2018

14) put forth a new law that would call on technology companies, including Apple, to provide access to encrypted data if they receive a warrant. According to a report in 9to5Mac , failure to comply with the rule would result in fines as high as $7.3 The Australian government on Tuesday (Aug. million and the potential for jail time.

Encryption 40

Encryption Rules Law Enforcement Laws 40

FICO

OCTOBER 11, 2017

Before these neural network defenders came along, banks used rule-based systems to try to prevent fraud. Criminals have had a harder time testing and understanding the complex inter-relationships between all the data elements that the anti-fraud neural networks combine, compared to the fraud rules they used to test and then evade.

AI 110

AI Law Enforcement Rules Non-Bank 110

PYMNTS

JUNE 19, 2019

The world’s governments, specifically regulatory and law-enforcement authorities, are essential partners in this endeavor.”. “The success of this venture depends on its trusted and safe integration with the existing financial system,” Facebook said on Tuesday.

Money Laundering 77

Money Laundering Law Enforcement Cross-Border Cryptocurrency 77

FICO

APRIL 8, 2021

By using an intermediary, “when law enforcement gets involved, there’s an innocent third party in the middle who didn’t realize they were taking part in a criminal enterprise” headed by a ringleader who’s impossible to track down. A Local Twist on a Global “Secret Shopper” Scam.

Law Enforcement 72

Law Enforcement Scams Crime Credit Cards 72

Fintech Finance

JULY 11, 2024

The letter communicates the association’s non-bank members’ concerns that the Payment Systems Regulator’s (PSR) policy rules will undermine competition, stifle innovation, reduce investment, and force smaller players to a disorderly exit from the UK.

Treasury 75

Treasury Law Enforcement Payments Non-Bank 75

PYMNTS

JULY 15, 2020

In other news, cryptocurrencies have no way to abide by proposed new rules in numerous U.S. The LAED Act would end encrypted communications, giving law enforcement a backdoor to access the data with a court order. He said per the report that a win in the case would let other recipients of the letter do the same thing.

IRS 61

IRS Encryption Privacy Law Enforcement 61

PYMNTS

MARCH 13, 2020

Princess said it was engaging in a review of its security processes and rules and bringing about changes to bolster security. The company also noted that, beyond its continuing probe, “we reported this matter to law enforcement and are offering our full cooperation.”

Data Breach 68

Data Breach Breach Law Enforcement SARS 68

PYMNTS

SEPTEMBER 23, 2020

These rules govern how digital banking is managed and which types of data are considered sensitive, and they were developed to keep pace with a steady rise in digital banking adoption. FIs in Fidor’s native Germany should by now be familiar with the standards set by GDPR, PSD2 and other regulations aimed at online banking.

Compliance 90

Compliance Law Enforcement Regulations Rules 90

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. However, he noted that the move could negatively impact morale at DHS.

Cybersecurity 90

Cybersecurity Money Laundering FBI Treasury 90

PYMNTS

OCTOBER 22, 2018

Problems With India’s Privacy Law. payments players are facing the cold shoulder from India’s government as they face fines for violating India’s data privacy laws. (a crown it held until Walmart knocked it off in 1991), it introduced the world to the Discover Card in 1985 and had over 4,500 U.S. locations at its peak. Some major U.S.

Laws 53

Laws Privacy FTC Push-to-Card 53

PYMNTS

OCTOBER 29, 2018

“Both movement between public and private sectors, and potential conflicts of interest more generally, are not unknown in the legal profession – law enforcement agencies, law firms and barristers’ chambers have long-established measures in place to identify and take action to avoid such potential conflicts,” said an SFO spokesperson.

Law Enforcement 55

Law Enforcement Laws Rules Legal 55

PYMNTS

SEPTEMBER 10, 2019

When Facebook announced Libra, it shined a new light on crypto and its regulation protocols, especially since it is a global currency and rules vary from country to country. In June, the FATF urged countries to closely examine cryptocurrency exchanges and the rules that govern them.

Money Laundering 59

Money Laundering Finance Law Enforcement AML 59