The United Kingdom has sanctioned 25 targets involved in alleged people smuggling, under a new financial sanctions regime targeting those facilitating the travel of refugees and migrants across the English Channel via small boats.
"People who get sick shouldn't have their financial future upended," CFPB Director Rohit Chopra said when announcing the new rules. The CFPB's final rule will close a special carveout that has allowed debt collectors to abuse the credit reporting system to coerce people into paying medical bills they may not even owe.
"Our industry has entered a paradigm shift and new phase of maturation where regulatory compliance is an essential standard to user experience and protection, business success, and responsible growth."
"The vast reduction in the reporting threshold is designed to combat illicit activities, but it's likely to drive legitimate businesses, like mine, into the ground."
The upcoming mandatory sanctions reporting for the UK art market poses challenges, as market participants must navigate complex regulations amidst a push for growth from the government.
Despite the fact that a payment of this size could not actually have been executed, our detective controls promptly identified the inputting error between two Citi ledger accounts and we reversed the entry.
