Neopay

JULY 18, 2024

These technical standards are crucial as they allow supervisors to monitor institutions’ compliance with the Capital Requirements Regulation (CRR3) implementation of the latest Basel III reforms in the EU and will foster consistent and enhanced supervision.

Reporting Requirements 52

Reporting Requirements Credit Risk Risk Consulting 52

PYMNTS

JANUARY 30, 2019

In that case, the company checks two different sources in a given country with two different rule sets. The Panama Papers, for instance, have provided a behind-the-scenes view into the legal practices and transaction structures used by some corporations and high-profile individuals to avoid regulatory reporting requirements.

Due Diligence 74

Due Diligence Verification Money Laundering FinTech 74

Fintech News

JULY 17, 2024

Transfers Just Under Reporting Thresholds The report highlights noticeable surges in transfers just below the US$1,000, US$3,000, and US$10,000 thresholds. These thresholds align with various regulatory reporting requirements, suggesting that some actors may be structuring payments to avoid triggering additional scrutiny.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

SEPTEMBER 5, 2019

Such a levy was not legal until last year’s South Dakota v. The Supreme Court ruled during 1992’s Quill Corp. North Dakota case that businesses must have physical, in-state presences to be subject to state sales tax requirements. ruling and returned the Wayfair decision to the South Dakota Supreme Court.

Laws 46

Laws Compliance Rules Governance 46

PYMNTS

SEPTEMBER 4, 2019

That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. Walmart.com is currently undergoing a legal dispute with a Louisiana parish because it didn’t report or remit the sales tax for sales made by third-party retailers through its online marketplace.

Third Party Vendors 51

Third Party Vendors Laws Facilitators Small Business 51

FICO

OCTOBER 26, 2017

As a result, financial institutions had to set up new processes, and most of the software vendors did not enhance their FATCA compliance solutions to cover the CRS reporting requirements. Same Goal, Different Rules for FATCA/CRS Compliance. Life did not get easier. all CRS countries).

Compliance 53

Compliance IRS Agreements Audit 53

FloQast

DECEMBER 13, 2023

Title V : Establishment of Conflict-of-Interest Rules for Security Analysts In the wake of Enron’s collapse, investigators found that analysts at investment banks were making favorable recommendations to investors to buy Enron stock with the sole purpose of securing business for their employer and earning bonuses.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. In the U.S., Data Solutions For Data Problems.

Compliance 47

Compliance P2P Risk Management Regulatory Compliance 47

Nanonets

SEPTEMBER 25, 2024

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. Insurance and Indemnification: There are insurance requirements for both parties and provisions for indemnification in case of damages or legal claims.

Indemnification 52

Indemnification Automation AI Payment APIs and Integration 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.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Nanonets

AUGUST 1, 2023

Data Validation and Verification: The extracted data is validated against predefined rules and matched with corresponding purchase orders and receipts to ensure accuracy and consistency. This audit trail serves as a record for compliance purposes, internal audits, and reporting requirements.

Automation 40

Automation Payment APIs and Integration Audit Rules 40

Nanonets

AUGUST 2, 2023

Exporters need to comply with the FTR to facilitate legal international trade operations. Some exemptions may also require additional documentation or reporting requirements. Legal action: Non-compliance with EEI filing requirements can lead to legal action being taken against the exporter.

Automation 52

Automation Regulations Compliance Legal 52

Nanonets

SEPTEMBER 21, 2023

Non-compliance with Regulations Compliance with accounting regulations is essential to avoid legal issues and penalties. Businesses must stay updated with the latest regulations and ensure adherence to reporting requirements, tax laws, and industry-specific guidelines.

Accounts 52

Accounts Audit Payroll Compliance 52

Nanonets

FEBRUARY 9, 2024

In this case, the referee (actual control measures and checks) uses the playbook (company procedures built on accepted accounting principles) to manage the game (financial reporting). And, just as the rules vary between soccer and basketball, your referee's rules depend on your specific business.

Audit 52

Audit Risk Assessment Assessments Procedures 52

Nanonets

MAY 7, 2024

Many industries are subject to regulatory requirements regarding financial reporting and transparency. By reconciling expenses, businesses can ensure that they comply with these regulations and avoid potential penalties or legal issues. Fraud Prevention: Expense reconciliation plays a critical role in fraud prevention.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Nanonets

SEPTEMBER 23, 2023

Encumbrance Accounting in Different Sectors Encumbrance accounting is utilized differently in government, public sector, and non-profit organizations, with unique requirements and regulations to ensure transparent financial management.

Accounts 52

Accounts Governance Government Payroll 52

Nanonets

JANUARY 17, 2024

Regulatory Compliance – Don’t Mess with The Law : Automated expense management ensures that you're always on the right side of the law, avoiding costly legal pitfalls. The role of an expense policy extends beyond mere rules; it's about setting the tone for how a company handles its finances.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

The Payments Association

APRIL 14, 2025

Across the UK, EU, and international markets, new rules are recasting expectations around security, transparency, and accountabilityimpacting not only compliance obligations but how firms design services, manage risk, and deliver value to customers. The payments landscape is entering a defining phase of regulatory transformation.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Neopay

APRIL 14, 2025

The interim rules aim to enhance firms’ adherence to existing safeguarding obligations. This includes stricter record-keeping, more robust reporting requirements, and a requirement for an independent safeguarding audit. Workshops and training for staff to learn and apply the new requirements effectively.

Audit 59

Audit Due Diligence Compliance Rules 59

The Fintech Times

MAY 30, 2025

Once the rules in the contract are met, the contract runs itself, automatically with no lawyers, no emails, and no chasing people down. These ‘if this, then that’ rules are written into code. They check the rules instantly, verify data and trigger payments automatically. How do smart contracts work? Users dont know.

Regulations 45

Regulations Blockchain Laws Risk 45