compliance

In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations.

Source: merriam-webster.com

Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce
Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce
June 17, 2020  |  AML

In financial fraud, the breaches come when bank standards are lax. Australian bank Westpac Banking Corp. may stand as Exhibit A here. According to a...

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Helping SaaS Firms Make Sense Of eCommerce’s Tax Complexities
Helping SaaS Firms Make Sense Of eCommerce’s Tax Complexities
June 10, 2020  |  Taxes

Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been building over the...

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FinTechs Aid Banks In Their Own Open Banking Initiatives
FinTechs Aid Banks In Their Own Open Banking Initiatives
May 21, 2020  |  B2B Payments

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). This week’s...

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How SEB Keeps A Watchful Eye On Its B2B Payments APIs
How SEB Keeps A Watchful Eye On Its B2B Payments APIs
May 06, 2020  |  API

Glitches such as those arising from faulty APIs can lead up to 88 percent of app users to abandon them, making it make or break...

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AML/KYC Compliance Riffs On Biometrics
AML/KYC Compliance Riffs On Biometrics
March 16, 2020  |  Authentication

Anti-money laundering (AML) and know your customer (KYC) regulators have released the hounds, with billions in fines leveled by governments worldwide against financial institutions (FIs),...

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Global Payments: Taking A Localized Approach To Fighting Fraud
Global Payments: Taking A Localized Approach To Fighting Fraud
March 11, 2020  |  AML

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. Fines related to noncompliance...

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Lawmakers Grill Wells CEO On Account Scandals
Lawmakers Grill Wells CEO On Account Scandals
March 10, 2020  |  Regulation

Just a bit more than four months into his tenure at the helm of Wells Fargo, new CEO Charlie Scharf faced pointed questioning from lawmakers...

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CFPB Director Wants To Pay Whistleblowers
CFPB Director Wants To Pay Whistleblowers
March 06, 2020  |  Regulation

Kathy Kraninger, the director of the U.S. Consumer Financial Protection Bureau (CFPB), has asked Congress for the ability to pay whistleblowers in an attempt to...

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