PYMNTS

DECEMBER 10, 2020

The currency is well-known for its massive value fluctuations, as a single bitcoin cost just 9 cents in 2010, $313.92 Enforcing AML/KYC Compliance At Cryptocurrency Exchanges. Cryptocurrency is one of the fastest-moving industries in the digital world, with a market that was valued at $1.03 billion in 2019 and is projected to reach $1.4

Compliance 88

Compliance Treasury Currencies Leverage 88

PYMNTS

NOVEMBER 7, 2016

4) it inked a partnership with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU). The company noted that the digital currency is a high security digital instrument that can be used in all mobile money and eMoney wallets. ECurrency Mint announced Friday (Nov.

Currencies 73

Currencies Compliance Securities Economics 73

Future CFO

FEBRUARY 19, 2025

Streamlining global financial management for growth, compliance, and stability comes hand in hand with an organisation's expansion, a benefit offered by cross-border virtual CFO services.

CFO 52

CFO Compliance Leadership Currencies 52

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). As noted in this space last month, Brian Brooks, acting Comptroller of the Currency, said in letters to the National League of Cities, U.S.

Compliance 66

Compliance Banking Currencies Financial Systems 66

PYMNTS

AUGUST 16, 2020

China’s Ministry of Commerce is moving forward with its plan for a digital currency, according to a report by The Wall Street Journal (WSJ).

Currencies 134

Currencies Compliance Securities Planning 134

PYMNTS

DECEMBER 18, 2018

Now comes a comic book contribution to one of the most vexing and vital issues of modern payments and commerce — fraud prevention and ID compliance. 18) that is has released a free comic and coloring book entitled “ The Adventures of ID Man and Compliance Kid.”. Compliance, too, could become a juicer in the near future.

Compliance 61

Compliance Education Securities Currencies 61

Bramasol

APRIL 15, 2024

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation. to drive financial models.

SAP 83

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 83

PYMNTS

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. In other news, more than 7,000 digital currency ATMs now exist throughout the world, Cointelegraph reported.

Currencies 67

Currencies Planning Compliance Securities 67

PYMNTS

DECEMBER 9, 2020

The accelerated growth of USDC over the course of this year is the result of our active work to establish an open standard for fiat digital currency on the internet,” Puth said in a statement. Cuy Sheffield , head of the crypto at Visa, said this is the first business card that will make the balance of USDC available for spending.

Currencies 103

Currencies Treasury B2B Compliance 103

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. “It’s not only about understanding the compliance procedures of the business itself,” said Karalevi?ius,

Banking 113

Banking Compliance Currencies B2B 113

PYMNTS

NOVEMBER 9, 2018

MoneyGram shares sank as much as 25 percent during intraday trading on Friday (November 9), as the company reported results that reflected the impact of new compliance rules to stop fraudulent transactions, which has hurt top line momentum — and which will continue. Compliance Efforts, Continued. Bill payment revenues were $17.4

Compliance 64

Compliance Restructuring Currencies CFO 64

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

Currencies 139

Currencies Compliance Economics Investments 139

PYMNTS

DECEMBER 29, 2020

The network facilitates transactions across regional payment schemes and about 130 currencies, and regulatory and compliance tasks are streamlined and automated. Beyond solely collecting payment, she added, digital banking can be customized as firms pay their expenses, perhaps across a range of currencies. to name just a few.

Numbers 115

Numbers Accounting Banking eCommerce 115

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

Global Finance

MARCH 5, 2025

With its exit from Central America and Colombia, Scotiabank follows the trend of international banks retreating amid rising compliance costs and risks. Stokes, Quantas Capital: There is no silver bullet to the compliance challenges the region faces.

Banking 52

Banking Compliance Treasury Finance 52

PYMNTS

JANUARY 28, 2020

In the latest PYMNTS AML/KYC Tracker®, we learn that crypto is increasingly being defined as a security, not a currency – but either way, it’s getting a lot more scrutiny. Customer security and rigorous AML/KYC compliance are shaping up to be an amalgam of better systems, stricter procedures and a multi-layered safety approach to payments.

Compliance 60

Compliance Securities Currencies Finance 60

Global Finance

SEPTEMBER 25, 2024

Regulatory shifts, such as Instant Payments and ISO20022 migration, mandate enhanced compliance and speed. SP: Specific challenges in CEE’s international transactions include currency volatility, regulatory compliance, and the need for speed and transparency.

Banking 98

Banking Cash Management Compliance Currencies 98

https://trustedcfosolutions.com/feed/

JULY 8, 2022

Many businesses are quick to learn that as your company grows and you develop more demanding and varied business requirements like multi-currency and multiple entity businesses, QuickBooks is limited and no longer meets your business needs. Multi-Currency. Suppose your business can identify with the following situations listed below.

Currencies 109

Currencies Compliance Financial Analysis Construction 109

PYMNTS

DECEMBER 26, 2018

Wall Street firm, was fined $10 million by the Financial Industry Regulatory Authority (FINRA) for compliance failures. According to a report in Reuters , citing FINRA and Morgan Stanley, the firm agreed to pay $10 million after FINRA contended it had lapses in compliance for more than five years from January of 2001 until April of 2016.

Compliance 53

Compliance Treasury Currencies Banking 53

PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. Ehrlich said stablecoins, including the U.S. Establishing Trust And Confidence.

Treasury 129

Treasury Currencies Cash Management Benchmarking 129

https://trustedcfosolutions.com/feed/

JULY 22, 2022

Some of the most common issues these businesses face include manual entry errors, decentralized payables, different currencies, inter-entity transactions, and taxation by location and country. It simplifies financial management for multiple locations, entities, and currencies for businesses of all sizes and complexities.

Accounting 113

Accounting Currencies Construction Compliance 113

PYMNTS

SEPTEMBER 6, 2018

Compliance and risk? Automating that compliance is now a “need to have.”. Compliance and risk officers have the unenviable task of finding out, sometimes after the fact, that not all the boxes are checked — if they even knew the boxes were there for checking in the first place. Plugging In To Plugins.

Compliance 53

Compliance Education Currencies Marketing 53

PYMNTS

JUNE 18, 2020

More than 40 different FinTechs, digital currency companies and nonprofits are teaming up to launch a universal payment ID in a bid to make transferring money akin to sending an email. We are excited to facilitate borderless, frictionless instant transactions for free for users.”.

Nonprofit 98

Nonprofit Compliance Currencies Finance 98

CFO News Room

FEBRUARY 3, 2022

Budget 2022’s announcements on manufacturing, sustainability, electronics, digital currency, innovation and startups with technology as the cornerstone are expected to give a fillip to the tech industry. An expert committee to look into compliance & tax framework and thematic funds with government capital has been welcomed by investors.

Budgeting 130

Budgeting Startups Currencies Manufacturing 130

PYMNTS

JULY 5, 2020

It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said. The reminder is intended for banks with clients that include marijuana retailers or individuals that grow, process, or manufacture pot.

Treasury 140

Treasury Banking Concentration Manufacturing 140

CFO News

NOVEMBER 25, 2024

MakeMyTrip introduces multi-currency payment options for flights and hotels, simplifying bookings for international travelers and the Indian diaspora. The platform now supports payments in over 19 global currencies, enhancing accessibility for inbound travelers and expanding its reach to more than 150 countries through GDPR compliance.

Currencies 40

Currencies Compliance 40

Future CFO

MARCH 11, 2025

The complexity of managing diverse invoices, with multi-currency, continental tax variations, and format differences, further strains operational capacity. These systems can integrate disparate data sources into a centralised platform, breaking down silos, providing a holistic view, and supporting compliance efforts.

Finance 52

Finance Compliance Performance Measuring CFO 52

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Banking 85

Banking Planning Currencies Startups 85

The Finance Weekly

DECEMBER 1, 2024

Regulatory Compliance - Accurate records are essential for meeting legal and regulatory requirements, especially for publicly traded companies. Compliance - Stay informed about regulatory requirements to avoid costly mistakes. Data Accuracy - Ensure that all your source data is accurate and up-to-date. What Causes Discrepancies?

Reconciliations 52

Reconciliations Accounting General Ledger Invoicing 52

Global Finance

FEBRUARY 5, 2025

Artificial intelligence and automation streamline document verification, compliance checks, and risk assessment. Citis support for credit-guarantee facility transactions in local currency attracted widespread recognition in the Mexican business community. Distributed ledger technologies help reduce fraud. The horizon is not cloudless.

Finance 59

Finance Banking Currencies Economics 59

Future CFO

DECEMBER 13, 2020

Asia Pacific has seen the single biggest rise in regional financial non-compliance fines from US$6.6 The average value of enforcement actions against financial institutions for AML related compliance breaches is 44% lower than in 2019. million in 2019 to US$5.1 Meanwhile, penalties have totalled US$10.4 Global finding highlights.

Compliance 52

Compliance Banking Currencies Accounting 52

PYMNTS

FEBRUARY 26, 2020

Cross-border payments are a fragmented space with disparate standards, service levels, and compliance and reporting regulations varying from country to country. Since the launch of ISO 20022, adoption has gained incredible momentum with financial institutions worldwide.

Compliance 104

Compliance Currencies Banking Construction 104

PYMNTS

NOVEMBER 6, 2020

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. .

B2B 98

B2B Currencies eCommerce Compliance 98

PYMNTS

JULY 30, 2019

Blockchain-based payment system PumaPay has announced the launch of a new cryptobilling solution which has secured PCI (payment card industry) compliance. And Australia’s government has decided to exclude digital currencies from new restrictions on cash payments. Digital currency is a new and developing area in the Australian economy.

Compliance 49

Compliance Currencies Communication Securities 49

PYMNTS

MAY 19, 2020

has been named general counsel to the Libra Association , a Geneva-based group founded by Facebook to launch the social media company’s digital currency, the organization announced Tuesday (May 19). He also headed financial crime compliance for Merrill Lynch. Previously, Werner worked at the U.S.

Treasury 90

Treasury Nonprofit Compliance Currencies 90

Future CFO

SEPTEMBER 2, 2024

AI-powered ERP systems can help address regional challenges such as complex regulatory environments, diverse currencies, and rapidly changing market conditions by providing more agile and responsive financial tools. Wahi suggests that organisations prioritise the alignment with local compliance requirements.

Compliance 116

Compliance Leverage Forecasting Risk Management 116

CFO Talks

APRIL 5, 2023

He notes, “During the time when Zimbabwe dollarised, we were actually using a lot of currencies. South African firms’ focus on compliance, but only a little else. I remember, I was working at a mine, we had a US dollar account, a Zimbabwean dollar account and a Japanese yen account.

Accounting 94

Accounting Problem Solving Compliance Currencies 94