Finextra
JULY 16, 2025
This exclusion is often justified through compliance with international sanctions regimes, notably those issued by OFAC or FATF, but the by-product is the creation of significant grey zones where entire populations lack lawful access to even the most basic financial tools. It expresses the views and opinions of the author.
Finovate
MAY 16, 2024
The partnership will combine Proof’s Defend solution with Socure’s Sigma Fraud suite to help companies fight fraud and forgery in authorizations, agreements, contracts, and forms. Photo by Andrea Piacquadio The post Socure and Proof Partner to Fight Fraud in Authorizations, Contracts, and Forms appeared first on Finovate.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
FEBRUARY 8, 2018
Essentially, it means handling everything other than card issuing, authorization and transaction processing. So, instead of picking up all the slack themselves, once the processor is in place to do issuing, authorization and transactions, Cascade brings in its suite of service providers and vendors. Again: It isn’t easy.
PYMNTS
FEBRUARY 22, 2019
The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance. The consent order doesn’t specifically identify any illegal transactions or OFAC violations, and it doesn’t come with any monetary penalty. MUFG Bank said the OCC recognized improvements the bank made to its U.S.
Trade Credit & Liquidity Management
MAY 27, 2025
The Office of Foreign Assets Control (OFAC) and DOJ Anti-Money Laundering (AML) also provide KYC compliance guidelines of which you should be aware. Routinely reference OFAC country, company, and individual embargo listings.
Stax
DECEMBER 4, 2023
PayFacs must also monitor their transactions continuously for any suspicious behavior and report them to the authorities immediately. Each merchant is verified and validated using KYC, AML, OFAC, and credit checks so you may rest easy as we do the heavy lifting for you. To learn more, contact our team today.
Seon
SEPTEMBER 23, 2024
List Checking : Comparing information against core sanctions lists, such as the Office of Foreign Assets Control (OFAC) Consolidated List, OFAC’s Specially Designated Nationals (SDN) List, the European Union’s Consolidated List of Sanctions, the United Nations Security Council’s Consolidated List, and other local regulatory watchlists.
Expert insights. Personalized for you.
Let's personalize your content