PYMNTS

MAY 14, 2018

Wire transfers, or traditional correspondent banking, are another, although they do lose money at each hop – which is why many companies have been developing proprietary methods to take a more direct-to-bank approach. Each one will have its pros and cons; each merchant must decide for itself which methods will best serve its suppliers.

OFAC 40

OFAC Wire Transfer ATM Cross-Border 40

PYMNTS

JUNE 28, 2018

A poll of attendees found that fraud stands as “the main compliance concern of 31 percent of delegates, closely followed by correspondent relationships (27 percent), and OFAC and sanctions (23 percent).”. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami.

Security 40

Security Online and Mobile Banking SWIFT OFAC 40

FICO

DECEMBER 23, 2020

So will high-risk products/services such as correspondent banking and trade finance transactions. whether a payment constitutes a potential violation of sanctions (OFAC) laws) and self-report.”. Now compliance professionals will also need to concern themselves with mitigating ransomware sanctions risks (i.e.,

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52