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☆ Senator calls for probe of mass surveillance tool used by U.S. law enforcement
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

Law enforcement agencies have routinely accessed the vast trove of money transfer records without court oversight, Wyden said. The TRAC database was created as part of a 2014 money laundering settlement between the Arizona attorney general's office and Western Union (WU.N). The U.S. Drug Enforcement Administration, DHS and Arizona attorney general's office have all asked for data from money transfer companies and directed them to send data to TRAC, Wyden said. Western Union, MoneyGram International (MGI.O), Viamericas Corp, and Euronet Worldwide (EEFT.O) are among the companies that have shared customer data with TRAC in bulk, he added. Wyden announced in March that HSI issued custom summonses, a type of subpoena, for millions of money transfer records between Mexican residents and people living in four U.S. states.

☆ Little-Known Surveillance Program Captures Money Transfers Between U.S. and More Than 20 Countries
▼ + stars: | 2023-01-18 | by ( Dustin Volz | Byron Tau | ) www.wsj.com time to read: +1 min

WASHINGTON—Hundreds of federal, state and local U.S. law-enforcement agencies have access without court oversight to a database of more than 150 million money transfers between people in the U.S. and in more than 20 countries, according to internal program documents and an investigation by Sen. Ron Wyden . The database, housed at a little-known nonprofit called the Transaction Record Analysis Center, or TRAC, was set up by the Arizona state attorney general’s office in 2014 as part of a settlement reached with Western Union to combat cross-border trafficking of drugs and people from Mexico. It has since expanded to allow officials of more than 600 law-enforcement entities—from federal agencies such as the Federal Bureau of Investigation, the Drug Enforcement Administration, and Immigration and Customs Enforcement to small-town police departments in nearly every state—to monitor the flow of funds through money services between the U.S. and countries around the world.

Sen. Elizabeth Warren is introducing legislation Wednesday aimed at cracking down on money laundering in cryptocurrency. The Senate Banking Committee, which includes Warren, is holding a hearing Wednesday on the FTX debacle and aftermath. The bill would designate providers of digital asset wallets as money service businesses, bringing them under the authorities of the Bank Secrecy Act, which fights money laundering in the financial system. Further, it would prohibit financial institutions from dealing with services that blend the cryptocurrencies of users together, obscuring their origins. Warren has been an outspoken critic of FTX prior to Bankman-Fried’s indictment.

☆ Wall Street mistakenly overlooking Salesforce's solid quarter by focusing too much on co-CEO exit
▼ + stars: | 2022-11-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Sure, cRPO (current remaining performance obligation) was a little light and the fiscal fourth quarter revenue guide midpoint missed by a hair (some conservatism probably due to the uncertain macro environment). Companywide results Breaking down quarterly subscription and support revenue results by cloud: Sales cloud revenue increased 17% in constant currency to $1.7 billion. Service cloud revenue increased 16% in constant currency to $1.9 billion. Platform and other (including Slack, which Salesforce acquired on July 21, 2021) revenue increased 22% in constant currency to $1.5 billion. Guidance For their fiscal fourth quarter, Salesforce management sees revenues increasing 8% to 10% year over year to $7.93 billion to $8.03 billion.

☆ King dollar commands surge in remittances
▼ + stars: | 2022-11-10 | by ( Harish Sridharan | ) www.reuters.com time to read: +3 min

The U.S. dollar index , which measures its performance against a basket of major currencies, is up 14.5% this year. The dollar's long rallyTransfer volumes at Remitly (RELY.O) leapt 44% to $7.5 billion in the September quarter. Larger rival Wise (WISEa.L) said volumes were up 49% to 24.4 billion pounds ($28.2 billion) in the July quarter. MoneyGram International (MGI.O) and PayPal Holdings (PYPL.O) have also posted an uptick in turnover and transactions in their third quarter. "Some of us get to match or not get too affected by inflation because we earn in U.S.

☆ Cuba hosts first U.S. business conference in years, seeks investment
▼ + stars: | 2022-10-26 | by ( Marc Frank | ) www.reuters.com time to read: +3 min

[1/3] Cuba's Deputy Minister of Foreign Affairs Carlos Fernandez de Cossio listens to Phil Peters, founder of FocusCuba, during a conference in Havana, Cuba, October 26, 2022. "Almost everything we do is with the new booming private sector," said Cuban-American Hugo , whose Miami-based Fuego Enterprises Inc (FUGI.PK) operates an online food market that processes 4,000 orders in Cuba per day. "It is important American businesses see this for themselves," said Cancio, who was attending the conference. The Biden administration has loosened some restrictions on Cuba around remittances, tourism and migration. It has also expressed interest in supporting Cuba's private sector.

☆ FTX's Sam Bankman-Fried breaks down his 3 favorite use cases for blockchain tech — and explains the role of regulatory oversight in crypto markets
▼ + stars: | 2022-10-13 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried, also known as SBF, is the CEO and cofounder of crypto giant FTX. Sam Bankman-Fried, the CEO and cofounder of crypto giant FTX, broke down three blockchain use cases in an interview at the Bipartisan Policy Center on Wednesday. In traditional equities, per Bankman-Fried, buying a share of a company can take an exuberant amount of time. Crypto regulation is 'necessary' and 'good'The 30-year-old billionaire welcomes regulation, specifically citing clear stablecoin oversight. "Crypto is big enough and starting to touch enough things that it is important to have regulatory oversight. "

☆ Cramer's lightning round: Western Union is not a buy
▼ + stars: | 2022-10-12 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Plug Power Inc : "It's losing money. And when a stock is losing money, it goes down." Loading chart...Western Union Co : "I used to believe in them. But they have no growth whatsoever. Loading chart...Roblox Corp : "It's a fabulous company, but it doesn't make money, and that's a problem."

☆ Justice Department Money-Laundering Team Names Leaders as Ukraine War Raises Its Profile
▼ + stars: | 2022-10-11 | by ( Dylan Tokar | ) www.wsj.com time to read: +4 min

The Justice Department on Tuesday named two veteran prosecutors to lead its money-laundering and asset-recovery section. Brent Wible, a veteran federal prosecutor whose latest stint at the Justice Department began in May 2020, has been appointed the section’s new chief, a Justice Department spokesman said. The Justice Department earlier this year announced the formation of an interagency task force dedicated to enforcing sanctions and other economic countermeasures imposed on Russia, dubbed Task Force KleptoCapture. The money-laundering section’s international unit has worked closely with the task force, officials say. Justice Department leaders have said the agency intends to pay closer attention to victims’ rights when resolving cases of corporate crime.

☆ Special interest groups representing Amazon to Uber oppose possible crypto regulation in California
▼ + stars: | 2022-09-23 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +8 min

Industry groups representing Amazon, Apple, Block, Coinbase, Genesis, Google, GrubHub, Lyft, Facebook/Meta, Uber, and other companies wrote to the state assembly opposing the law. Nine organizations representing consumers and advocating for economic justice wrote to the state assembly expressing support for the law. Several tech industry groups representing major companies and venture capital firms wrote in to oppose the law. Several organizations advocating for consumers and economic justice wrote to the state assembly expressing support for the law. Interest groups argued that regulation presents an "undue burden"on crypto companiesBlockchain Advocacy CoalitionThe Blockchain Advocacy Coalition wrote to Assemblymember Grayson on August 26.

It's possible to live cheaply in Buenos Aires, Argentina despite the country's high inflation. The low cost of living is part of the reason Christine Gilberts has lived there for six years. I didn't move to Buenos Aires from China six years ago for the lower cost of living, but it's part of why I've stayed here for so long. It's possible to live here for the equivalent of $1,000, or 141,000 Argentine pesos, or less a month. Argentina has a long history of circus and Buenos Aires has more than 30 circus schools.

Prepaid debit cards or gift cards are easy ways to send money to someone without a bank account. You can also easily send money online through a virtual wallet or payment app. Prepaid debit cards serve as common tool for sending money since they are easily activated and work similarly to regular debit cards. If you are looking for a more traditional way of sending money, Cheng notes you can get a money order instead. If you'd also like to help an unbanked person find a bank account, here are a few resources you may share:

Persons: Marguerita Cheng, Cheng, Venmo, you'll, You'll, you'd Organizations: Service, FDIC, CFP, Blue, PayPal, Venmo, Western, Apple, Samsung Locations: Wall, Silicon, Western Union

☆ Денежные переводы от MAIB приносят дополнительную выгоду
▼ + stars: | 2021-04-09 | by ( ) ru.diez.md time to read: 1 min

Если получаете переводы из-за границы или регулярно отправляете деньги своим близким, с Moldova Agroindbank вы можете заработать дополнительные деньги. Выберите быстрое получение денег в Moldova Agroindbank, и вы автоматически станете участником акции с денежными призами. В период с 1 апреля по 30 июня MAIB организует 6 розыгрышей 180 призов по 500 леев каждый. мира и Приходите в хороший банк, где легко и быстро получите свои деньги через системы Western Union, MoneyGram, Ria Money, Золотая Корона, Contact, Юнистрим, Private Money. Для получения подробной информации ознакомься с официальным Регламентом акции или позвони в Contact Center по телефону 1313.

Persons: Ria Money, Юнистрим Locations: Moldova Agroindbank, Moldova, Western Union

☆ Transferurile rapide de la MAIB îți aduc bani în plus
▼ + stars: | 2021-04-08 | by ( ) www.ipn.md time to read: +1 min

Transferurile rapide de la MAIB îți aduc bani în plusTransferurile din străinătate îți pot aduce câștiguri în plus. Alege să primești rapid banii la Moldova Agroindbank și automat ești înscris la o promoție cu premii bănești. În perioada 1 aprilie – 30 iunie MAIB organizează 6 tombole cu 180 de premii a câte 500 de lei. Iar la final de promoție o mega extragere va bucura trei clienți cu câte 5000 de lei. _______DISCLAIMER: Autorii comunicatelor – nu agenția de presă IPN – poartă responsabilitate exclusivă pentru corectitudinea și esența conținutului comunicatului, prezentat spre publicare și/sau distribuire.

Persons: _______ Organizations: Western Union Locations: străinătate, Moldova, MoneyGram

☆ Рекордный рост денежных переводов в Приднестровье – LikTV
▼ + stars: | 2020-11-08 | by ( Please Enter Your Name Here | ) liktv.org time to read: +3 min

Объём денежных перечислений в Приднестровскую Молдавскую Республику в пользу физических лиц по системам международных денежных переводов за девять месяцев 2020 года составил более $91 млн, превысив прошлогодний показатель почти на 17%. Столь значительное увеличение денежных перечислений посредством международных электронных систем оказывает пандемия – личная доставка или курьерская передача денежных средств сейчас крайне затруднена. - Реклама -Динамика денежных перечислений в сентябре 2020 годаВ сентябре 2020 года в республику поступило более $12 млн. Лидирующую позицию в числе пяти международных платёжных систем, оказывающих услуги на рынке денежных переводов Приднестровской Молдавской Республики, занимает «Золотая Корона». По отношению к базисному периоду прошлого года, отмечен рост денежных отправлений: из стран СНГ – на 25,7%, стран ЕС – на 86,2%, прочих стран – на 47,5%.

Organizations: Золотая Корона, Юнистрим, СНГ Locations: Приднестровская Молдавская Республика, Европейский союз, ЕС, ПМР, Российская Федерация, Израиль, Германия, США, Украина, Италия, Польша, Чехия, Великобритания, Франция, Россия, Приднестровье

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