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How to Maintain Anti-Money Laundering Compliance as a PayFac

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The Bank Secrecy Act (BSA) establishes AML program requirements for financial institutions in the US while the USA Patriot Act lays down which entities are required to comply. As such, the Bank Secrecy Act (BSA) establishes certain AML program requirements for financial institutions in the US. But training can’t be a one-off practice.