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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Andrew Doukanaris Ambassador, The Payments Association While vIBANs have positive use cases, challenges exist in limited monitoring of the end user, alignment with the PSPs risk appetite, and the lack of a consistent framework to mitigate financial crime and regulatory risks.

IBAN 88
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How Does Merchant Underwriting Work?

EBizCharge

Risk assessment: After gathering the necessary information, a risk assessment is conducted to evaluate a business’s risk profile. Underwriters analyze factors such as transaction volumes and potential risks to determine the likelihood of financial instability or fraud.