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

TD Bank Faces Anti-Money Laundering Probes From US Regulators
TD Bank Faces Anti-Money Laundering Probes From US Regulators
August 24, 2023  |  AML

TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules. The bank made this...

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Binance.US Partners With MoonPay to Convert Dollars to Tether
Binance.US Partners With MoonPay to Convert Dollars to Tether
August 22, 2023  |  Cryptocurrency

To regain access to a steady flow of dollars, Binance.US, the American arm of the cryptocurrency exchange, has teamed up with MoonPay, a payment startup....

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PayPal to Pause UK Cryptocurrency Sales to Meet Regulatory Changes
PayPal to Pause UK Cryptocurrency Sales to Meet Regulatory Changes
August 16, 2023  |  Cryptocurrency

PayPal will reportedly place a temporary halt on cryptocurrency sales for its U.K. customers starting from October. This decision comes as the company aims to...

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TikTok Faces Scrutiny Over Compliance With EU Regulations
TikTok Faces Scrutiny Over Compliance With EU Regulations
July 18, 2023  |  Regulation

TikTok reportedly failed to fully pass a recent test conducted by the European Union’s governing body, raising concerns that the popular social media platform is not yet...

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An Industry Insider on the Growing Importance of Compliance in Bank-FinTech Relationships
An Industry Insider on the Growing Importance of Compliance in Bank-FinTech Relationships
June 05, 2023  |  Banking

Nearly all banks view FinTech partnerships as important, but the partnership dynamics will be put to the test as new open banking regulations go into...

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AI’s Most Promising Banking Applications Will Need a Human in the Loop
AI’s Most Promising Banking Applications Will Need a Human in the Loop
June 05, 2023  |  artificial intelligence

Artificial intelligence (AI) may not be as mysterious as people think — but it is as pervasive. What generative AI capabilities have done, i2c CEO and chairman Amir...

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US Open Banking Regulations Will Force More Bank-FinTech Collaboration
US Open Banking Regulations Will Force More Bank-FinTech Collaboration
June 02, 2023  |  Banking

A changing financial industry is transforming the relationship between traditional banks and FinTechs. In the past, banks largely regarded FinTechs as formidable competitors, if not...

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CFPB’s Small Business Lending Rules Headed for More Scrutiny on Capitol Hill 
CFPB’s Small Business Lending Rules Headed for More Scrutiny on Capitol Hill 
May 15, 2023  |  Regulation

Small business lending’s new data-driven approach may be headed for more scrutiny on Capitol Hill. To that end, Rep. Maxine Waters (California), the top Democrat...

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AI Reshapes Regulatory Compliance by Modernizing Risk Frameworks
AI Reshapes Regulatory Compliance by Modernizing Risk Frameworks
May 09, 2023  |  artificial intelligence

The 21st century’s digitization has transformed the financial crime landscape, arming cybercriminals with new tactics. Fortunately, as the world evolves, organizations are increasingly able to fight...

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