Articles with tag: fines

Found 13 results in 342 milliseconds.

Global financial system again under scrutiny: FinCen leaks

News | Payments General | 29 Sep 2020

Reports on USD 2 trillion worth of suspicious transactions facilitated by major lenders and other financial institutions have been leaked.

FinCen leaks, money laundering, compliance, banks, fines, Deutsche Bank, JPMorgan, Standard Chartered, HSBC, Barclays, BNY Mellon, Societe Generale, SAR, KYC, account opening, CDD

Penalties for non-compliance with AML, KYC reached USD 5.6 bln, Fenergo reports

News | Digital Identity, Security & Online Fraud | 18 Aug 2020

Digital transformation, customer journey, and client lifecycle management (CLM) solutions provider Fenergo has released its mid-year findings on global financial institution fines.

AML, KYC, fines, financial institutions, Fenergo, regulations, compliance, bank accounts, money laundering

RBI imposes penalty on several Indian banks, including Citibank

News | Digital Identity, Security & Online Fraud | 02 Jun 2020

The Reserve Bank has imposed a penalty on Citibank for non-compliance with various regulatory norms and directions of the central bank.

fines, bank, India, Reserve Bank, Citibank, credit, credit, bank account, non compliance

Fines for privacy breaches reach EUR 114 million in Europe

News | Digital Identity, Security & Online Fraud | 20 Jan 2020

European regulators have imposed EUR 114 million euros in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country.

GDPR, fines, data breaches, European regulators, fines, DLA Piper

FCA announces 74% increase in crypto investigations

News | Cryptocurrencies | 08 Oct 2019

Financial Conduct Authority (FCA) has announced that investigations into crypto businesses have increased by 74% since 2018.

FCA, cryptocurrency, digital assets, blockchain, distributed ledger technology, regulatory sandbox, fines, financial crime

Security awareness trainings to become important as cybersecurity breaches increase

News | Digital Identity, Security & Online Fraud | 28 Aug 2019

Security awareness training will become an increasingly important part of enterprise cybersecurity practice, according to Juniper Research.

Juniper Research, data beaches, study, cyber security training, AI, fraud prevention, GDPR fines

Ladbrokes Coral fined GBP 5.9 mln for failings to protect customers

News | Digital Identity, Security & Online Fraud | 31 Jul 2019

Ladbrokes Coral, a British based betting and gambling company, has been fined GBP 5.9 million for not protecting vulnerable customers.

Ladbrokes Coral, gambling, betting, fines, customer protection, UK

Bluefin to offer PCI-validated P2PE via Convenient Payments GovTeller payment solution

News | Cards | 25 Apr 2019

Bluefin has revealed it will provide the PCI scope reduction and security of PCI-validated point-to-point encryption through Convenient Payments’ GovTeller payment solution.

Bluefin, PCI, P2PE, payments, GovTeller Payment Solution, Convenient Payments, taxes, court fees, fines, government, cardholders, POS, credit card, debit card, security

Texas introduces consumer privacy and data collection bills

News | Digital Identity, Security & Online Fraud | 05 Apr 2019

The Texas House of Representatives has introduced two bills that aim to protect consumers’ privacy and data, following the trend of similar laws in jurisdictions such as California and Washington.

GDPR, data privacy, customer data, Texas, US, personal identifying information, law, regulation, fines

Ripples Partner MoneyNetint offers travel payment service

News | Cards | 19 Mar 2019

UK-based electronic money institution MoneyNetint has launched PayTicket, a payment service for foreign motorists who receive tickets while traveling.

MoneyNetint, Ripple, launch, traveling, UK, payments, electronic money, online fines, payment solutions, cross border, banks, transfers, credit card, online payment, fines, debit card

RBI fines 19 lenders for non-compliance on SWIFT use

News | Online & Mobile Banking | 06 Mar 2019

India’s central bank has fined at least 19 lenders for failing to comply with its guidelines on the use of global payments network SWIFT.

RBI, India, lenders, compliance, SWIFT, ICICI Bank, State Bank, banks, penalties, loan fraud, credit guarantees, regulations, payments, interbank, banking, fines, financial system

Three Indian banks fined by RBI for compliance fails

News | Digital Identity, Security & Online Fraud | 06 Feb 2019

UCO Bank, Axis Bank and Syndicate Bank have been fined by the Reserve Bank of India (RBI) for “deficiencies in regulatory compliance”.

UCO Bank, Axis Bank, Syndicate Bank, Reserve Bank of India, fines, India, regulation, fraud prevention

GDPR complains filed against Amazon, Apple, others

News | Ecommerce | 21 Jan 2019

Ten GDPR complains have been filed by noyb with the Austrian Data Protection Authority against eight online streaming companies for violations of Article 15.

GDPR, right to access, fines, penalties, noyb, Europe, Amazon, Apple, DAZN, Spotify, SoundCloud, YouTube, Flimmit, Netflix