CRA served as advisors to a start-up Fintech platform dedicated to providing financial products to under-banked communities and fee-free global remittance services. They developed a remediation plan to address elevated levels of rejected payments, which was presented to the Fintech’s financial partners. They also mapped out the platform’s banking and payment touchpoints to assess the risks and potential regulatory requirements associated with the company’s planned operations.
Safe Harbor for M&A-Driven Voluntary Self-Disclosures of Criminal Misconduct
On October 4, 2023, Deputy Attorney General Lisa Monaco announced the Department of Justice’s (DOJ) new Safe Harbor Policy for criminal misconduct discovered...