Payment screening is crucial to any financial institution’s (FI) anti-money laundering and countering the financing of terrorism (AML/CFT) compliance program. But when a major social media platform makes headlines for alleged screening failures or a major FI receives a substantial […]
The arrival of new instant payment schemes and services – such as SEPA Instant Credit Transfers (ICT) or FedNow – is changing the payments landscape. Solutions that allow firms to process transactions securely, at scale, and in real-time have never been more […]
Despite the additional complexities introduced by new regulations and real-time payment rails, customers increasingly expect instant payments and seamless banking experiences as the norm. This puts compliance officers in the eye of a perfect storm: How do they facilitate the […]
Despite being one of the most important lines of defense for financial institutions (FIs), many businesses struggle to balance effective security with ease of use during payment screening. To help mitigate these challenges, this article will look at: What payment […]
Transaction screening is part of a robust anti-money laundering and counter-terrorist financing (AML/CFT) framework. Along with customer identification and verification, transaction monitoring, and regulatory reporting, transaction screening helps firms engage in sound due diligence and compliance processes. But what’s involved […]
As the financial crime and geopolitical landscape grows more complex, how are firms investing to improve transaction screening processes and manage risk?
If you’ve found this guide, there’s a good chance you’re looking for a payment screening solution that: Accurately detects risks and explains why alerts were generated. Integrates across your compliance tech stack. Provides up-to-date sanctions and politically exposed person (PEP) […]
Firms typically focus on improving their fraud prevention and detection measures to mitigate risk and reduce financial losses. But what is fraud prevention, and how does it differ from fraud detection? Are the two functions completely separate? Most importantly, what […]
With ISO 20022, payments compliance is evolving. Find out what changes firms should anticipate.
While screening for PEPs is a crucial part of a financial institution’s AML program, it’s incredibly challenging to get it right. Take our quiz to test your knowledge!
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