Call Today: 1-888-788-5353 [gtranslate]

Blog

The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule raising statutory fines for violating the Bank Secrecy Act (BSA). In some cases the maximum penalty amounts or ranges have…

Post Categories:  Blog

When you say Third-Party Payment Processor (TPPP) or Know Your Customer (KYC) supervision, most US banks think first of prudential regulators. In particular, the Office of the Comptroller of the Currency (OCC) oversees nationally chartered banks and…

Post Categories:  Blog

Last week we had the opportunity to attend the Merchant Acquirer Committee’s regional conference in Los Angeles, where I was impressed by the quality and depth of the information presented.

Post Categories:  Blog

In a practice referred to as “derisking,” banks have been avoiding customer classes with a higher propensity for money laundering and terrorist financing activity. But as certain business types like charities, remittance facilitators, crypto-currencies, and other money service businesses (MSBs) lose access to banking altogether, regulators are trying to course-correct.

The FDIC backtracked from initial guidance to avoid certain classes of customers. As stated in FIL-5-2015:

Post Categories:  Blog

See how our solutions can help you.

Call Today:

1-888-788-5353

+31 613630399

us uk

Reduce Assessments and Increase Revenue

Improve merchant risk management and compliance with solutions that deliver more actionable risk insights at scale across your business processes. Learn More