The Payments Association

JULY 19, 2025

According to HM Treasury, the new classification reflects the sector’s increasing exposure to criminal exploitation, particularly through prepaid products, rapid onboarding, and cross-border digital capabilities. The decision has sparked debate across the payments industry.

Money Laundering

Finextra

JUNE 26, 2025

While its European, its impact is global, especially if you deal with cross-border payments. It helps you offer smarter, faster, and more personalized financial experiences without compromising security. It also brings in stronger customer authentication (SCA) to prevent fraud during digital payments.

PCI DSS

PYMNTS

SEPTEMBER 21, 2020

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity. It's the combination of these technologies that becomes powerful.".

Fincen

Segpay

MARCH 24, 2025

Fraud Prevention & Transaction Monitoring Australia: Real-time monitoring is required, with suspicious matter reports (SMRs) submitted to AUSTRAC. USA: Stricter transaction monitoring, requiring Suspicious Activity Reports (SARs) to FinCEN and geographical targeting orders (GTOs) for high-risk areas.

Compliance

Finance Magnates

MARCH 26, 2023

SUSPICIOUS ACTIVITY REPORTING: SAR checks are currently performed in the US and in different countries (under various different nomenclature / taxonomy). INTERNATIONAL PAYMENTS (CROSS-BORDER): International payments would become much more easier (as KYC, AML check would be a whole lot better).

Cross-Border

Stax

DECEMBER 4, 2023

However, be mindful of challenges like rapid technological advancements, evolving money laundering techniques, diverse clientele, varying risk profiles, cross-border transactions, and varied regulations. Keeping all of these in check and detecting suspicious activities can be quite challenging.

Money Laundering