Employers rely on us for targeted counsel on everything from
compliant pay practices and policies, to the proper classification of employees as exempt or non-exempt and as to whether a worker is an employee or an independent contractor.
In particular, LexisNexis ® Risk Solutions has high - lighted five key revisions to the current legislation that banks and other financial institutions must be aware of to remain
compliant in their anti-money launder - ing provisions: • Pre-
paid cash cards: to reduce financial crimes linked to anonymous pre -
paid instruments, vendors will be required to conduct more stringent customer verification and the thresh - old will be reduced from $ 250 to $ 150 • Digital currencies: thorough customer due diligence controls will be required by all virtual cur - ing farmers, are vulnerable to unfair trading
practices employed by partners in the chain.