PYMNTS

MARCH 2, 2020

Lloyd’s insurance syndicate Atrium underwrites the policy and is provided by digital currency “lifestyle” service provider Coincover. Two individuals were accused of being connected to the Lazarus Group cybercrime organization per an update of the “Specially Designated Nationals” (SDN) list from OFAC.

Treasury 71

Treasury Bitcoin Addressing eWallet 71

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

Finovate

SEPTEMBER 18, 2024

Available via API, SDK, or through the Salesforce App Exchange, ID-Pal’s technology detects AI-generated documents, deepfakes, and injection attacks, providing advanced fraud detection without requiring direct access to customer data. Like ID-Pal, Kani is a relative newcomer to Finovate, debuting at FinovateSpring last year.

Fraud Detection 65

Fraud Detection Verification Payment APIs and Integration OFAC 65

Finovate

OCTOBER 4, 2024

Backbase’s Engagement Banking Platform, integrated with Middesk, will give financial institutions access to real-time verification data sourced from multiple databases including the offices of all fifty Secretaries of State, the IRS, the USPS, OFAC, and more. and EU IBAN payout services to the central European nation.

Innovation 65

Innovation AI Payment APIs and Integration Online and Mobile Banking 65

Seon

SEPTEMBER 14, 2023

Other regions sanctioned by OFAC include: Balkans Belarus Burma Central African Republic Ethiopia Iraq Lebanon Venezuela Yemen Zimbabwe Organizations may have their own list of high-risk countries. However, the rules set by the Office of Foreign Assets Control (based in the US) tend to be followed by most countries around the world.

Risk 52

Risk Money Laundering Suspicious Activity Report (SAR) AML 52

FICO

MARCH 6, 2020

For most of the public lists (EU, OFAC, UN, HMT, etc.) the KYC system provides out-of-the-box watch list loaders. Our partnership with Visma Connect is aimed at helping all kinds of payment providers meet rising regulatory demands with less effort and expense, by using the innovations we are bringing to our compliance solutions.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Stax

MARCH 15, 2025

Our team can validate each merchant using AML, KYC, Credit Check, and OFAC to ensure that they’re fully vetted. Or, a service provider that offers payment plans may ask their clients to enroll into their payment system subscription plan so the provider can charge their cards automatically via a secure payment gateway.

Enrollments 88

Enrollments Payment APIs and Integration Payments Online and Mobile Banking 88