Stax

DECEMBER 4, 2023

TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. Let’s get started.

Money Laundering

Fi911

NOVEMBER 7, 2023

Why is it non-negotiable for financial institutions across the globe, and how can you ensure that your institution is compliant with all AML procedures? This framework encompasses a series of regulations, policies, and procedures. Implementation and adherence to sanctions, as dictated by the Office of Foreign Assets Control (OFAC).

AML

Trade Credit & Liquidity Management

MAY 27, 2025

Even when not legally mandated, there are many benefits for trade creditors to adopt KYC procedures as a risk management best practice, especially when dealing with high-value or international transactions. Routinely reference OFAC country, company, and individual embargo listings. Changes in ship-to or remit-to locations.

Due Diligence

Exact Payments

SEPTEMBER 25, 2023

Complying with PCI standards involves many steps, such as establishing a secure network, encrypting data, developing an information security policy, and undergoing an on-site audit. Preventing fraud and risk concerns requires a multi-layered approach, consisting of various procedural systems and technologies.

PCI DSS