Category: Financial Services

soldier standing in front of American flag

Does the DOD’s MLA Interpretive Rule Really Help Servicemembers?

Posted by - November 12, 2018
How the Military Lending Act Plagues the Finance Industry The Military Lending Act (MLA), enacted in 2006 and implemented by the Department of Defense (DOD), protects active duty members of the military, their spouses and their dependents from certain lending practices. In December 2017, the DOD issued an amended interpretive rule to clarify whether personal…
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Reinventing Financial Compliance

Posted by - October 31, 2018
Reducing Cost and Complexity, Increasing Accuracy and Reliability As we mark the 10-year anniversary of the 2008 banking crisis – considered by many to be the country’s worst financial crisis since the Great Depression — the issue of financial compliance is trending. In this article, Verint’s VP of Financial Compliance…
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increasing value of cryptocurrencies

Why Cryptocurrency is So Difficult for the IRS to Regulate

Posted by - August 7, 2018
3 Reasons Crypto Eludes Regulators Cryptocurrency is all the rave right now, which is why tax authorities are aching to get their share of the revenue. This may prove to be a tricky proposition, though, as many members of the crypto community are against IRS regulation. Despite the challenges and…
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Financial Forecast: Cloudy with a Good Chance of Behavioral Insight

Posted by - July 30, 2018
A Cloud-First Approach to Managing Financial Communications Data The current regulatory framework, which has grown more complex since the 2008 financial crisis, requires more information to be recorded. Regulators have come to realize that in most cases of misconduct, voices may be the only evidence of bad behavior they can…
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Regulatory Oversight for Cryptocurrency?

Posted by - July 23, 2018
What Crypto Exchangers and Administrators Need to Know U.S. regulators have recently joined with an international coalition of tax enforcement authorities to investigate cryptocurrency-related crimes. Given that there’s been limited regulatory oversight of cryptocurrency in years past, where does this leave businesses whose bread and butter is cryptocurrency? Cryptocurrency markets…
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Sins of the Silo

Posted by - June 25, 2018
Compliance Challenges in Financial Services The financial services sector faces numerous obstacles – especially the constant change in regulations. Michael Powell, Solutions Consultant at ZL Technologies, shares insights around the four biggest compliance challenges facing the industry today and how data management can play a role in overcoming them. With a…
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In the “Wild West” of Virtual Currencies, Anti-Money Laundering and Sanctions Enforcement is Anything but Virtual

Posted by - June 8, 2018
Opportunities Revolutionize The Current Financial and Commerce System While virtual currencies offer many opportunities to revolutionize the current financial and commerce system, equally great risks exist relating to money laundering, sanctions compliance, and terrorist financing. Banks and virtual currency operators that can achieve robust levels of anti-money laundering (AML) and…
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Fintech & Banking: Weighing the Compliance Risks & Rewards

Posted by - June 4, 2018
Fintech Collaborations on the Rise Fintech-bank partnerships result in growth opportunities. In this article, Krista Morgan examines the risk-reward relationship in this growing trend. The strength of our banking system is that we trust it. That trust comes from knowing that banks follow rules designed to protect us. As consumers,…
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financial professionals

Is a Stricter Standard of Conduct on the Horizon for Broker-Dealers?

Posted by - May 17, 2018
Broker-Dealers Navigate New Logistics On the heels of the DOL Fiduciary Rule’s defeat by the Fifth Circuit Court, the SEC proposed its own series of rule-makings and interpretations intended to address investor confusion about the duties owed to them by their financial professionals. As regulators debate the proposal, Cordium’s Darren Mooney…
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two businessmen analyzing a financial report

Key Topics of Interest to the SEC

Posted by - April 20, 2018
Guidance from Director Dalia Blass Director Dalia Blass of the SEC’s Division of Investment Management (the “Division”) recently delivered the keynote address for the ICI 2018 Mutual Funds and Investment Management Conference.1 Director Blass discussed four main topics: (1) the role of data in the SEC’s work, (2) the role of…
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