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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. What’s next?

Crime 88
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Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Fi911

What Laws Govern Chargebacks in the US? Key International Laws Impacting Chargeback Processes The US led the world in payment card adoption, and as such, also adopted a leading role in developing chargeback rules and best practices. The post Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Disputes 105
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Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

You may face legal/regulatory penalties for violating disclosure laws. And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites. How Breaches Impact You Suffering a breach carries severe consequences beyond just data loss.

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How to Improve Compliance with Multilingual Cybersecurity Resource

VISTA InfoSec

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. You need to know these laws well because they affect how you manage cybersecurity when dealing with multiple languages. Think about the various regulations around the world. We’ve listed out the three main ones: 1.

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When do crypto firms need additional EU licences for stablecoin transfers? EBA issues guidance on the interplay between PSD2 and MiCA

The Payments Association

Streamlined PSD2 authorisation: Where additional PSD2 authorisation is required, NCAs are advised to streamline procedures and leverage information already provided under MiCA. However, they will generally need to obtain authorisation under PSD2 to continue providing EMT transfer services beyond that date.

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What is a BIN in Payment Processing

Clearly Payments

Building a Strong Business Case : Acquiring banks will assess the payment processor’s business plan, compliance procedures, and financial stability. Key areas of compliance include: Anti-Money Laundering (AML) and Know Your Customer (KYC) Policies : Processors must implement AML and KYC procedures to prevent fraud and money laundering.

Process 104
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Trust Fund Payment Processing for Law Firms

Payment Savvy

Most people think that payment processing for law firms is a simple and straightforward process. However, it is a complex procedure that is governed by strict regulations. Due to the above reasons, law firms need to adopt an advanced payment processing system. Payments received must be deposited to a trust account.

Laws 52