The Payments Association

FEBRUARY 10, 2025

Navigating AML obligations in the age of virtual IBANs February 10 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. Why is it important?

IBAN

PYMNTS

JUNE 1, 2020

“Along those lines, what the [payment] networks are trying to do with network tokens and SRC [secure remote commerce] could be game changing,” said McCarthy, as they help ensure identities and the payment instruments themselves are trusted, which helps with know your customer (KYC) and anti-money laundering (AML).

Cross-Border

EBizCharge

NOVEMBER 12, 2024

Understanding the factors that affect the merchant underwriting process is crucial for merchants seeking to establish or maintain their merchant accounts. This knowledge helps businesses assess their risk profile and address areas of concern before submitting a merchant application.

Underwriting

The Payments Association

MARCH 18, 2025

Many banks have been hesitant to engage with these businesses, citing concerns over compliance burdens, anti-money laundering (AML) obligations, and the inherent volatility of digital assets. It appears to address concerns that banks were pressured to deny service to digital asset businesses.

Federal Reserve