By Jaclyn Jaeger2015-03-27T11:00:00
PayPal, an electronic payments company, this week reached a $7.7 million settlement with the Treasury Department’s Office of Foreign Assets Control for processing 486 transactions in violation of OFAC regulations governing sanctions programs. The civil penalties could have been significantly higher, had PayPal not self-reported the violations and cooperated with ...
2015-04-17T13:15:00Z By Jaclyn Jaeger
A new study conducted by market research firm Gatepoint Research and sponsored by global payments solutions provider Tipalti finds significant weaknesses in the systems and processes companies use to mitigate regulatory, compliance, and fraud-related payment risks. According to the study, 66 percent of 100 senior finance and accounting executives polled ...
2025-07-29T17:34:00Z By Oscar Gonzalez
The Department of Justice fired two officials who were part of its antitrust division on Monday. The move, reported by CBS News, marks the latest effort from the Trump administration to ease regulations for companies and rollback of antitrust enforcement.
2025-07-29T16:04:00Z By Adrianne Appel
A Florida wireless company and its chief executive officer will pay more than $128 million to settle civil and potential criminal allegations that they defrauded a federal low-income telecommunications program, according to the Department of Justice.
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