Jay Postma

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Silver Law Group Files Lawsuits Against Cryptocurrency Exchanges Bitcoin Savings & Trust and Cryptsy | Securities Fraud Attorney Silver Law Group

<b>Boca Raton, Florida – October 23, 2014 (GLOBE NEWSWIRE) –</b> Silver Law Group (www.silverlaw.com) is pursing claims against multiple Bitcoin exchanges …

U.S. agents scramble to grasp how Mexican cartels launder money via L.A. fashion district

Financial Regulatory Forum<p>« Previous Post<p>Former MoneyGram compliance chief facing potential record fine regarded as anti-laundering innovator<p>Next Post »<p>Whistleblowing protection for compliance officers still unsettled, experts say<p>1,352 comments<p>We welcome comments that advance the story through …

Apple's Compliance Cakewalk

Share Email<p>Apple Pay’s decision to use tokens has some fringe benefits beyond allowing retailers to get money without storing payment credentials. …

Popular restaurant was mob base for $400M money-laundering operation

A ​popular Portuguese restaurant secretly served as ​the base of ​a $400 million money-laundering operation tied to the Genovese organized crime …

Genovese crime family members, associates charged in wide-ranging loansharking, gambling ring

The group's alleged crimes included the forced takeover of a man's auto transportation business, which Acting Attorney General John J. Hoffman …

When Banksters Buy Regulators and Prosecutors

Two of our nation’s top attorneys, Helen Chaitman and Lance Gotthoffer, just released Chapter 3 of their riveting and <i>free</i> book, <i>JPMadoff – The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook</i>. All Americans concerned about financial fraud and the role of our regulators and …

Manifesto Vows to Give Consumers Control of Digital Identities

Digital currency startups are trying to reframe the debate surrounding customer privacy, anti-money-laundering compliance and data security by …

Apple Pay Is Here And It's Going To Be Great: Why The Skeptics Have It Wrong

When you look at your smartphone, you probably don’t spend much time thinking about the poor calculator, day planner and digital camera it helped send to the dustbin of history. But starting today, that same phone is taking aim at another victim: your wallet and the credit cards you carry in it. …

Dirty money: 19 UK firms alleged ‘complicit’ in $20bn laundering scam

Some 19 British firms are at the center of an investigation into in a mammoth global money-laundering operation. The scheme was allegedly contrived to make $20bn (£12.5bn) worth of ill-gotten gains appear legitimate.<p>The illicit funds are thought to have originated from criminal gangs and corrupt …

Robocoin Customers Report Trail of Late Deliveries After Reddit Exposé

Pioneering bitcoin ATM maker Robocoin has come under fire after an angry customer took to Reddit to publicise its grievances about how it was treated …

FBI's crypto doublethink

Recently, FBI Director James Comey gave a speech at the Brookings Institute decrying crypto. It was transparently Orwellian, arguing for a …

Obama signs chip and PIN executive order

17 October 2014 | 19917 views | 9<p>US president Barack Obama has signed an executive order mandating the use of chip and PIN technology at executive …

Bitcoin Exchange Bitstamp Will Give Unverified Accounts to the Government

Advertisement<p><b>In a news bit posted by European Bitcoin exchange Bitstamp earlier today, the once-largest Bitcoin exchange promulgated their FINAL</b> …

Apple Pay launches Oct. 20, signs up 500 new banks

The payments solution Apple Pay comes online Monday, the company said at a press event today at its Cupertino, Calif., headquarters.<p>CEO Tim Cook says that since the September event, Apple has signed another 500 banks that will integrate with the technology. The application will work online as well …

Gone Girls: Human Trafficking on the Home Front - Los Angeles Magazine

In the struggle to eradicate child prostitution in Los Angeles, a new strategy is offering hope: compassion for those being bought and …

NACHA Lobbies Big Banks For Faster B2B Payments

Share Email<p>When it comes to faster B2B payments, NACHA — the organization that oversees payment-clearing between banks — is caught between an …

Inside the Federal Reserve Bank of New York

0<p>SHARES<p>Barely a year removed from the devastation of the 2008 financial crisis, the president of the Federal Reserve Bank of New York faced a …

PayPal Is Said to Be in 'Early Talks' to Acquire Square

PayPal Is Said to Be in ‘Early Talks’ to Acquire Square<p>Ian Kar<br>• October 14, 2014<br>• Capital, Cards, Corporate, Cryptocurrency, Mobile, Online, Payments, …

Bank Secrecy Act: De-Risk or Up Your Game?

September 24, 2014 presentation before the Georgia Bankers Association annual compliance conference covering Bank Secrecy Act, Culture of Compliance, De-Risking, BSA/AML Program Improvement, Money Services Businesses (MSBs), and Third Party Payment Processors (TPPPs or TP3s).

Instilling a Culture of Compliance and Knowing Your Customer

Presentation of October 10, 2014 during the Financial Service Centers of America (FiSCA) Annual Conference's BSA/AML Certification Course. Covering Culture of Compliance, Understanding your market, and Knowing your customers.

Money Transfer Agents: Know Your Customers!

September 16, 2014 presentation by John Schmarkey, CAMS, CFE and Jay Postma, CAMS, before Western Union's 2014 Consumer Protection & Compliance Conference. Covering BSA/AML, Culture of Compliance, Know Your Customer, Customer Identification Program, Customer Due Diligence, Socio-Economic profiling, …

Bitcoin and Other Digital Currencies: The Latest Issues in Regulation and Enforcement

Presentation of October 10, 2014 by Jay Postma, CAMS and Paul Soter, Esq. during the Financial Service Centers of America (FiSCA) Annual Conference. Covering basics of digital currencies, bitcoin, regulatory and compliance issues, including BSA/AML, OFAC, etc.

Knowing Your Customers: Pinpointing Patterns for Increased Vigilance

October 8, 2014 presentation before International Money Transmitters Conference - Miami by John Schmarkey, CAMS, CFE and Jay Postma, CAMS. Covering Customer Identification, Due Diligence, Culture of Compliance, identifying and understanding customers, etc.

Virtual Currency Compliance: Anti-Money Laundering

October 6, 2014 presentation to International Money Transmitters Conference - Miami concerning virtual currencies, bitcoin, Bank Secrecy Act / Anti-Money Laundering, OFAC compliance

A Remarkable Date for the Virgin Birth of the Silk Road Investigation

As Wired first reported, there’s been an interesting exchange in the Silk Road prosecution. In September, the former FBI Agent who helped to bust …

Ingo Money and Advance Financial Partner to Launch a Co-Branded Mobile Application Enabling Consumers to Load Checks in Minutes

ATLANTA--(BUSINESS WIRE)--Ingo Money, Inc., a provider of recurring, instantaneous, guaranteed funds technologies for financial institutions, prepaid …