What does the November 6 settlement mean for DaVinci?

The November 6 settlement reflects a growing trend in OFAC enforcement actions to emphasize the importance of geolocation and blocking for financial and web services companies. DaVinci is an online platform that offers digital and physical payment reward card programs to corporate, nonprofit and government clients.

What is DaVinci prepaid card?

DaVinci is an online platform that offers digital and physical payment reward card programs to corporate, nonprofit and government clients. The clients of daVinci reportedly fund the card programs themselves through an issuing bank, while daVinci provides the prepaid cards to the authorized users.

What are the top financial scams in 2024?

Here are five of the top financial scams you should look out for in 2024, and ways to avoid becoming a victim. 1. Grandparent scams Playing on people’s emotions by targeting personal relationships and posing as someone they care about is a starting point for many fraud schemes.

Is the Ponzi scheme a scam?

The Ponzi scheme is a classic scam and incorporates components of other scams as well. The investment proceeds in this classic scam are simply the new investors' monies doled out to existing clients. Without fail, the initiator of the Ponzi scheme siphons money off to fund an extravagant lifestyle.