Remove Compliance Remove Currencies Remove Financial Systems Remove Investments
article thumbnail

The Basics of Multi-Currency Account Reporting

Spreadym

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.

article thumbnail

Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money

CFO News Room

financial system, has been used mainly in the past against banks and other financial institutions and in most cases has forced the institution to close. WSJ | Risk and Compliance Journal. Our Morning Risk Report features insights and news on governance, risk and compliance. Concurrent with the U.S. Lisa Monaco.

Treasury 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act

PYMNTS

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”.

Banking 107
article thumbnail

Despite Meeting Swiss, US Lawmakers Remain Libra Skeptics

PYMNTS

House Financial Services Committee Chair Maxine Waters met with government officials in Switzerland about Libra, and said she remained concerned about the viability of the currency, according to a report by Reuters. Facebook, which announced the currency in June, wants to get regulators on board with Libra so that it can move forward.

article thumbnail

Bitcoin Daily: Venezuelan Department Stores To Launch Blockchain POS; Blockchain Analysis Firm Debuts Real-Time Fraud Alerts

PYMNTS

Traki has been one of the early adopters of cryptocurrencies in Venezuela, which highlights its commitment to improve the traditional financial system,” Zac Cheah, co-founder and CEO of Pundi X, said in a press release. “We It is the first compliance alerts solution available across 15 cryptocurrencies.

article thumbnail

New Report: Banking-As-A-Service Takes Friction Out Of Remittances

PYMNTS

Many consumers move to new countries to pursue economic opportunities, but adjusting to these locations also requires learning the ins and outs of new financial systems — a transition that can be filled with friction. customers to recipients in Asia and Europe.

Banking 86
article thumbnail

CFOs Take A Macro View Of The Future

PYMNTS

EIU and Deutsche found that 80 percent of the professionals surveyed hold significant levels of excess cash, causing treasurers to focus on either expanding or modifying their investment strategies as their way to more adequately gain control in a changing economic climate.