PYMNTS

FEBRUARY 8, 2018

If it’s not holding money or providing a payment network, the program manager does it: AML (anti-money laundering) compliance, KYC (Know Your Customer), fraud mitigation, marketing, privacy, document review, OFAC compliance, reporting and more. Again: It isn’t easy.

Payment APIs and Integration 67

Payment APIs and Integration OFAC Money Laundering Processors 67

PYMNTS

AUGUST 14, 2019

Blanco took to the stage at the 12th Annual Las Vegas Anti-Money Laundering Conference yesterday (August 13). More broadly, however, Blanco’s theme was the interconnectedness of the financial system – and how diligence and transparency is the key to combating money laundering and other financial crimes in the U.S.

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

PYMNTS

JANUARY 1, 2021

The Office of Foreign Assets Control stated in announcing the deal: "As a result of deficiencies related to BitGo’s sanctions compliance procedures, BitGo failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its non-custodial secure digital wallet management service. If the U.S.

Bitcoin 80

Bitcoin Cryptocurrency OFAC Treasury 80

Seon

SEPTEMBER 23, 2024

The Financial Action Task Force (FATF) estimates that two to five percent of global GDP, approximately $2 trillion, is laundered annually. Compliance with anti-money laundering (AML) regulations is now a legal obligation. How Does the Payment Screening Process Work? Why is Payment Screening Important?

Suspicious Activity Report (SAR) 52

Suspicious Activity Report (SAR) Money Laundering Due Diligence AML 52

PYMNTS

DECEMBER 3, 2019

Under the BSA and related anti-money laundering laws, FIs must have compliance and monitoring programs, establish a process for SAR and screen against Office of Foreign Assets Control (OFAC) and other government lists.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

Trade Credit & Liquidity Management

MAY 27, 2025

By having well-thought-out processes in place, you can mitigate the risk of being victimized by fraud and help prevent your company from violating critical compliance requirements. Lax KYC controls can result in time-consuming collection issues, unnecessary bad debts, and serious compliance violations.

Due Diligence 52

Due Diligence OFAC Compliance Fincen 52

PYMNTS

MAY 10, 2018

It’s no simple task, nor inexpensive; FinCEN estimates that the first year of implementation will mean $250 million will be spent on compliance efforts alone. In an interview with PYMNTS, David Barnhardt, EVP of product at GIACT , said the beneficial ownership mandate seeks to strengthen existing anti-money laundering rules and regulations.

Due Diligence 40

Due Diligence Compliance Fincen OFAC 40

FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations.

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52

Seon

SEPTEMBER 14, 2023

Taking a bird’s eye view across the many relevant data points gives you the means to stop things like money laundering and ID theft before they happen. The user’s source of funds cannot be verified: Source of funds checks are key in ensuring that financial services do not help criminals launder money.

Risk 52

Risk Money Laundering Suspicious Activity Report (SAR) AML 52

Exact Payments

SEPTEMBER 25, 2023

Unless you’re already covered by a third-party provider’s end-to-end PCI certification, or your system is out of scope for compliance, you will need to undergo the PCI certification process. Note that your sponsoring bank and the card networks will regularly request proof of your compliance with these regulations.

PCI DSS 52

PCI DSS OFAC Facilitators Payment Gateways 52

Exact Payments

AUGUST 23, 2023

Level 3 processing offers the lowest rate available to businesses.

Embedded Payments 52

Embedded Payments B2B Accounts ISVS 52

PYMNTS

FEBRUARY 28, 2018

That includes anti-money laundering (AML) compliance, know your customer (KYC), fraud mitigation, marketing, privacy, document review, Office of Foreign Assets Control (OFAC) compliance, reporting and more.

Automation 40

Automation Payment APIs and Integration OFAC Interoperability 40