AML OFAC SARS 
Stax
DECEMBER 4, 2023
The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Let’s get started.
FICO
DECEMBER 23, 2020
Newly regulated areas such as digital assets and cryptocurrency businesses will likely undergo increased scrutiny (as companies transacting in digital assets are not exempt from AML requirements). The final rule extending AML regulatory requirements to banks lacking a federal functional regulator is just one such example.
PYMNTS
AUGUST 14, 2019
The data that casinos have the power to feed into the system under Banking Secrecy Act reporting requirements in the form of suspicious activity reports (SARS), he noted, not only has the power to keep the work of legal gambling a transparent and compliant place. and around the world.
Seon
SEPTEMBER 14, 2023
For instance, an Iranian or Russian IP may be flagged by automated AML systems. 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. Which Countries Are Classified as High-Risk Sources?
FICO
MARCH 6, 2020
By combining advanced AML analytics in scoring processes and robotics in alert and case handling you tremendously improve efficiency and effectiveness in compliance. In our experience these technologies can increase the number of SARs by 20% while at the same time producing efficiency gains of 30% in alert investigation and case management.
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