PYMNTS

OCTOBER 27, 2016

The goal is for the additional information to help combat the growing threat that digital crimes pose to the country’s financial system, Reuters reported on Tuesday (Oct. The details that have to be included in these confidential reports are determined by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN).

Treasury 59

Treasury Banking Financial Systems Securities 59

CFO News Room

JANUARY 18, 2023

The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based in Russia. Deputy Treasury Secretary. authorities designated cryptocurrency exchange Bitzlato Ltd. Lisa Monaco.

Treasury 100

Treasury Compliance Financial Systems Finance 100

PYMNTS

NOVEMBER 9, 2017

California Congresswoman Maxine Waters has some questions for the Treasury Department about what it intends to do to beef up security — particularly with regards to anti-money laundering rules. sanctions,” Waters noted in her opening statement to the committee.

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Treasury Financial Systems Finance Securities 40

PYMNTS

OCTOBER 29, 2020

Sultan will be in charge of building a new "digital policy, strategy and advisory practice" that will consult with governments interested in digitizing their economies and financial systems, among other duties, the memo states.

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Treasury Leadership Financial Systems Banking 73

PYMNTS

MARCH 26, 2019

billion acquisition of treasury management technology firm Kyriba , according to Private Equity News reports on Monday (March 25). That partnership was made possible by Kyriba’s global connectivity hub, which aims to link financial systems to treasurers for integrated, automated treasury management processes.

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Treasury Valuation Financial Systems Banking 66

Global Finance

OCTOBER 11, 2024

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

Banking 107

Banking Foreign Exchange Profit and Loss Finance 107

PYMNTS

FEBRUARY 27, 2019

Corporate treasury and cash management solutions provider Kyriba is linking its business users to faster payments functionality through a new collaboration with Citi. 26), Kyriba said it is integrating with Citi via API to allow clients to access their Citi accounts directly from their treasury platform.

Accounting 40

Accounting Treasury Financial Systems Cash Management 40

PYMNTS

JUNE 19, 2019

Facebook’s Libra is supported by upwards of two dozen companies and groups, including Uber and Mastercard, but Facebook acknowledges that it needs the regulatory approval of governments and existing systems in order to move forward. The currency, Facebook said, would be backed by existing currencies and hard assets.

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Treasury Currencies Financial Systems Finance 77

Simply Treasury

JANUARY 19, 2023

The European Market Infrastructure Regulation is an EU regulation aimed at reducing systemic counterparty and operational risk and thereby prevent future financial system collapses. François Masquelier, CEO of Simply Treasury – Luxembourg Disclaimer: This article was prepared by François Masquelier in his personal capacity.

Foreign Exchange 100

Foreign Exchange Treasury Risk Management Financial Systems 100

PYMNTS

JULY 13, 2020

The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Department of Treasury, told the newspaper he was not prepared to revisit the fundamentals of bank regulations as a result of the pandemic. Brooks told U.S.

Banking 68

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PYMNTS

APRIL 11, 2019

Kyriba , the cloud treasury and finance services company, announced on Thursday (April 11) that it closed a $160 million growth round of funding led by Bridgepoint, the private equity firm. Kyriba sits at the center of this shift and is well-positioned to help enterprises transform their treasury capabilities.”

Treasury 53

Treasury Financial Systems Investments Finance 53

PYMNTS

JULY 11, 2019

Libra has drawn scrutiny from regulators and governments worldwide, who all share similar concerns regarding money-laundering and privacy issues, as well as the effect the currency could have on the traditional financial system. Libra also caught the attention of The BoE, the U.K.

Financial Systems 69

Financial Systems Treasury Currencies Banking 69

PYMNTS

JULY 16, 2019

sanctions against Venezuela have largely isolated the troubled nation from the global financial system, while also damaging financing. Department of the Treasury recently announced sanctions against a Moscow-based bank because it helped finance Petro. But the U.S. Mnuchin at the time.

Treasury 55

Treasury Currencies Financial Systems Finance 55

PYMNTS

MAY 15, 2019

The combination of Visa and Earthport, he said, promotes “the ability to move money globally and efficiently, and at scale, making it simple for originators, [treasury banks and service providers] to do all this through a single connection. If you are a treasury bank, you have to operate in both of those spaces,” he explained. “T

Treasury 74

Treasury B2C Financial Systems Banking 74

PYMNTS

APRIL 3, 2020

Three weeks after the Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions (FIs) on COVID-19, the division of the U.S. Department of the Treasury is reminding lenders to be on the lookout for fraud as the coronavirus grips the nation.

Compliance 56

Compliance Treasury Financial Systems Banking 56

PYMNTS

JUNE 25, 2020

Department of the Treasury. FIS is committed to helping our clients stay one step ahead of financial criminals who are using increasingly sophisticated tools to try to hide illicit money activities through the U.S. financial system,” said Jim Johnson , head of global payments and wealth at FIS, in a press release. “By

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Compliance Treasury Financial Systems Numbers 58

PYMNTS

JULY 30, 2019

Patriot Act , could completely lose its access to the American financial system. attorney general, as well as the secretary of the Treasury, can remove foreign banks from correspondent relationships with U.S. The company was sanctioned in 2017 by the Treasury department. Under the terms of the Patriot Act, the U.S.

Banking 40

Banking Treasury Communication Financial Systems 40

PYMNTS

FEBRUARY 19, 2020

Financial Intelligence Units (FIUs) from the 39-country Financial Action Task Force (FATF) and the Egmont Group Secretariat gathered in Paris to talk about the global repercussions of virtual assets, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a press release. .

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Treasury Financial Systems Securities Finance 60

PYMNTS

SEPTEMBER 10, 2019

The Facebook cryptocurrency could be launched as early as next year, and regulators and lawmakers around the globe are skeptical about it due to concerns over money laundering and the effect it could have on the existing global financial system. A senior U.S.

Finance 59

Finance Treasury Currencies Financial Systems 59

PYMNTS

NOVEMBER 8, 2018

It made the decision, according to a statement, “in the interest of the stability and integrity of the wider global financial system.” brought back financial and other sanctions against Iran, which in turn came after the U.S. SWIFT said the decision was a “regrettable” one. That decision came after the U.S. political influence.

Banking 81

Banking Financial Systems Treasury Communication 81

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. FinTech Improvements.

Treasury 46

Treasury Securities Currencies Financial Systems 46

PYMNTS

FEBRUARY 5, 2019

Alejandro Andrade, who for four years oversaw the treasury under the late leader Hugo Chavez, was accused of accepting more than $1 billion in bribes to participate in an illegal foreign currency scheme. financial system by Venezuela. He secretly pleaded guilty in December of 2017 to one count of money laundering.

Currencies 51

Currencies Treasury Financial Systems Marketing 51

PYMNTS

JANUARY 13, 2021

PYMNTS' January 2021 Disbursements Tracker® done in collaboration with Ingo Money explores the new era of greater cooperation between legacy banks, financial institutions (FIs) and FinTechs as the financial system works to overcome lingering lags, even as the U.S. Consumerization Continues.

Banking 52

Banking Treasury Risk Management Financial Systems 52

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To The Economic Crime Plan from H.M.

Economics 40

Economics Planning Treasury Financial Systems 40

Future CFO

JUNE 7, 2020

According to MAS, total foreign currency non-bank deposits in Singapore’s banking system reached S$781 billion (US$560 billion) at end-April, 20% higher than a year ago.

Currencies 40

Currencies Treasury Financial Systems Banking 40

PYMNTS

NOVEMBER 27, 2018

Alejandro Andrade, who for four years oversaw the treasury under the late leader Hugo Chavez, secretly pleaded guilty in December of 2017. financial system by Venezuela. The former national treasurer of Venezuela was sentenced to 10 years in prison on Tuesday (November 27), Reuters reported.

Currencies 43

Currencies Treasury Financial Systems Marketing 43

PYMNTS

JULY 16, 2018

“This new service highlights our dedication to provide a frictionless experience to our clients in a rapidly changing business environment,” Naveed Sultan, Citi’s global head of treasury and trade solutions, said in the press release. “We Payment inquiries can at times rely on lengthy manual and paper-based processes between banks.

Cash Management 44

Cash Management Treasury Financial Systems Banking 44

PYMNTS

DECEMBER 17, 2019

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. In essence, nobli functions as a Credit-as-a-Service provider.

Financial Systems 54

Financial Systems Startups Banking Treasury 54

PYMNTS

FEBRUARY 15, 2018

Department of the Treasury, with the remaining amount satisfied by payments from the DOJ’s actions. Bank failed in its duty to protect our financial system against money laundering and [to] provide law enforcement with valuable information.”. Department of Justice (DOJ), said were violations of the Bank Secrecy Act.

Banking 43

Banking Currencies Treasury Financial Systems 43

PYMNTS

OCTOBER 19, 2016

. “Having experienced several years of increasingly onerous compliance burdens, several treasurers express frustration with some pieces of regulation that are seen as creating a lot of work without delivering any perceived benefits, such as greater transparency or stability in the financial system,” the report noted.

Treasury 70

Treasury Prioritization Economics Leadership 70

CFO News Room

FEBRUARY 2, 2022

Department of the Treasury last week released its final rule for the $350 billion in State and Local Fiscal Relief Funds (SLFRF) provided by the American Rescue Plan Act (ARPA). This final rule replaces the interim final rule that has been in place since May 2021, and in this final guidance from Treasury, three new elements stand out.

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Treasury Economics Education Prioritization 130

PYMNTS

AUGUST 1, 2018

financial system improve the ability of small businesses (SMBs) to get financing, driven in part by a decline in startup formation in recent decades. She said the “pragmatic recommendations” included in the report would make the financial system work better for entrepreneurs, no matter their business size or geographic location.

Financial Systems 40

Financial Systems Finance Economics Treasury 40

PYMNTS

SEPTEMBER 22, 2016

s sandbox concept by mandating that certain federal agencies — namely, the Federal Reserve Board, the Treasury Department and the Securities and Exchange Commission — each carve out an internal “Financial Services Innovation Office” for testing out new products and service.

Treasury 77

Treasury Education Currencies Financial Systems 77

PYMNTS

AUGUST 5, 2019

To that end, the Financial Crimes Enforcement Network (FinCEN), part of the US Department of the Treasury, has estimated that fraudsters have tried to scam as much as $9 billion through business e-mail compromise attempts since 2016. Through a series of interactions with SunTrust bank, more than $776,000 of the $2.5

Construction 43

Construction Invoicing Treasury Manufacturing 43

CFO News Room

NOVEMBER 18, 2022

The remaining money was leveraged into the financial system. And this was accumulated into the financial system and financial markets. Treasury securities] and to give a bid to the gilt market to raise the level of gilts. As a result, the money just tsunamied upward in a very short period of time.

Banking 100

Banking Economics Leverage Marketing 100

Michigan CFO

JUNE 14, 2022

They all play vital roles in the financial industry, overseeing revenue estimation, accounting, tax collection, treasury, etc. financial system by enhancing transparency and accountability. This Act protects consumers from financial services malpractices and protects the American taxpayer by ending bailouts.

General Ledger 40

General Ledger CFO Budgeting Accounts Payable 40

PYMNTS

APRIL 7, 2020

Although Treasury Secretary and architect of the massive stimulus package Steven Mnuchin worked hard to reassure SMB owners that despite difficulties in applying to the program on the first day, saying per NBC , “They shouldn’t worry about it. But as for why it went wrong last week, in short, Purcell noted, the U.S.

Startups 57

Startups Banking Healthcare Treasury 57