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As Stericycle grew in Latin America through acquisition, the accounting processes and systems remained mostly decentralized with neither uniformity nor proper oversight, resulting in internal control deficiencies. [read post]
23 Jul 2021, 8:38 am by Kristian Soltes
China to Explore Cross-Border Payments in Digital YuanReuters – July 16, 2021 China’s central bank said on Friday it will explore cross-border payments in digital yuan, and is willing to discuss setting global standards for digital fiat currency to jointly develop the international monetary system. [read post]
3 Dec 2009, 1:33 am
defcon9_12_bg_071401.jpg Computer-generated summaries reflecting the insurance company’s indemnity payments and loss adjustment expense payments for insurance claims were admissible as a business record and authenticated under FRE 901(b)(9) by the claims manager who “was familiar with the recordkeeping practices of the company, testified regarding the computer system used to compile and search the insurance claim records, and testified… [read post]
16 Apr 2021, 8:43 am by Kristian Soltes
Digital Money Can Reshape Cross-Border Payments and Remittances, IMF SaysThe National News – April 15, 2021 Advances made in digital money can help reshape cross-border payments and remittances making them “easier, faster and cheaper”, Kristalina Georgieva, managing director of the International Monetary Fund, said. [read post]
21 May 2020, 8:47 am by Kristian Soltes
AmEx: Beyond Transaction Platforms and Section 1Competition Policy International – May 14, 2020 The Supreme Court’s 2018 decision in Ohio v. [read post]
17 Dec 2021, 11:17 am by Kristian Soltes
The center, in partnership with the Bank for International Settlements (BIS) Innovation Hub, will help the central bank improve the current payments system, Fed Chair Jerome Powell said in remarks prepared for a virtual event on Monday. [read post]
18 Jun 2021, 8:16 am by Kristian Soltes
PayPal Vets Launch Decentralised Cross-Border Payment NetworkFinextra – June 16, 2021 A pair of former PayPal executives has launched a decentralised global payments network to connect banks, merchants and payment providers to transact in digital currencies around the world. [read post]
15 Feb 2024, 12:37 pm by jeffreynewmanadmin
 However, LINCARE did not use these systems to confirm that those patients were using the devices as directed. [read post]
In General Atomics Aeronautical Systems, Inc., ASBCA Nos. 61633, 61731 (Feb. 8, 2023), released March 14, 2023, the Armed Services Board of Contract Appeals (ASBCA) considered, but declined to answer, the existential question of whether intracompany lease payments are “costs. [read post]
16 Jul 2012, 3:00 am by Louis M. Solomon
Cubic Defense Systems, Inc., No. 99-56380, 56444 (9th Cir. 2011), decided two issues of note in the context of international practice and dispute resolution:  confirmation of an arbitral award in the face of a public policy objection, and the existence of jurisdiction in federal district courts to award post-award, prejudgment interest and attorneys’ fees. [read post]
26 Jun 2017, 12:35 pm by Hunton & Williams LLP
District Court for the Northern District of Georgia against Tempur Sealy International, Inc. and Aptos, Inc. [read post]
19 Jul 2012, 11:53 am by James Hamilton
  The authority to designate financial market utilities is an important component of  the Dodd-Frank Act and is one of a number of tools now available to constrain risk and help protect against future financial crises.The designated financial market utilities are: The Clearing House Payments Company, L.L.C., on the basis of its role as operator of the Clearing House Interbank Payments System; CLS Bank International; Chicago Mercantile Exchange,… [read post]
9 Apr 2014, 6:30 am by Rebecca Shafer, J.D.
Stack, CPA, Principal, Amaxx Risk Solutions, Inc. is an expert in employer communication systems and part of the Amaxx team helping companies reduce their workers compensation costs by 20% to 50%. [read post]