Finextra

JUNE 23, 2025

It classifies payment stablecoin issuers as regulated financial institutions, pulling them firmly under anti-money laundering and consumer protection rules. The GENIUS Act effectively invites traditional financial institutions to aggressively relook their stance on stablecoins. We use cookies to help us to deliver our services.

Embedded Finance 52

Embedded Finance Stablecoins Finance Payment APIs and Integration 52

Finextra

JULY 17, 2025

Therese Chambers, Executive Director of Enforcement and Market Oversight at the FCA, said: If you’re operating a crypto ATM or exchange illegally, then you should expect serious consequences. We will continue to partner with law enforcement agencies to fight financial crime and protect consumers. Welcome to Finextra.

ATM 52

ATM Money Laundering Law Enforcement Crime 52

PYMNTS

DECEMBER 18, 2020

Treasury Department proposed sweeping new rules late Friday (Dec. The rules effectively require financial institutions to report such digital transactions in much the same way they have been required to report cash transactions since 1970. The comment period ends Jan. 4, according to the official Federal Register posting.

Treasury 141

Treasury Rules Bitcoin Ransomware 141

Fintech News

DECEMBER 18, 2023

However, a small proportion of recent remittances faced freezes by Chinese law enforcement agencies, with unclear reasons behind these actions. In most cases, these transactions are successfully deposited into the recipients’ Chinese bank accounts. Approximately 430 reports were against Samlit Moneychanger.

Rules 109

Rules Law Enforcement MFA Laws 109

Payments Source

JULY 11, 2019

A Spanish effort to prosecute a gang that used Bitcoin automated cash machines suspected of being a front for illegal-drug payments has exposed a hole in European anti-money-laundering controls, law enforcement authorities in the country said.

Money Laundering 92

Money Laundering Bitcoin Law Enforcement ATM 92

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

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

VISTA InfoSec

JULY 17, 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 238

Cybersecurity Compliance Encryption Best Practices 238

PYMNTS

MARCH 20, 2020

The sources also told Reuters that social media companies that capitalize on advertising and user data could also be impacted by the new rules. . One of the policy rules requires that companies comply with information requests by law enforcement within three days, 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

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

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

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. 14), per the report. At one time, the P2P industry issued more than $150 billion of loans from 50 million investors.

P2P 126

P2P Law Enforcement Audit Non-Bank 126

PYMNTS

APRIL 1, 2020

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121

Laws Law Enforcement Governance Government 121

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

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

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

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

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

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

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. Monero transactions have risen steadily, with a notable spike in March 2024 due to a spam event called Black Marble.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

NOVEMBER 18, 2016

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. Because Alibaba and Tencent run websites that are used by many local users, they can back the rules without feeling the impact.

Cybersecurity 69

Cybersecurity Laws Law Enforcement Compromise 69

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

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

VISTA InfoSec

SEPTEMBER 30, 2024

government bodies, health organizations, educational institutions, and law enforcement agencies) – An organization systematically monitors individuals on a large scale, especially online behaviour.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

government bodies, health organizations, educational institutions, and law enforcement agencies) – An organization systematically monitors individuals on a large scale, especially online behaviour.

CCPA 130

CCPA Privacy Laws Data Breach 130

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

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

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

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 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

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

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 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

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

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.

Law Enforcement 72

Law Enforcement Scams Crime Credit Cards 72

PYMNTS

JULY 12, 2019

In other news, Spanish law enforcement authorities have exposed a flaw in European anti-money-laundering controls.

Bitcoin 40

Bitcoin ATM Rules AML 40