Best Practices and Master Account

Navigating AML obligations in the age of virtual IBANs

The Payments Association

FEBRUARY 10, 2025

The primary focus on monitoring master accounts leaves an oversight gap that can be exploited for illicit financial activities. Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks.

IBAN

IBAN AML Master Account Due Diligence

Mastering Your Business with Accounts Payable Reports

Nanonets

SEPTEMBER 22, 2023

Types of accounts payable reports include invoice aging reports , AP trial balance reports , voucher activity reports , and reconciliation of accounts reports. Using accounting software can automate the accounts payable process and generate reports automatically.

Accounts

Accounts Master Account Best Practices Reconciliation

Payments Space

Navigating AML obligations in the age of virtual IBANs

Mastering Your Business with Accounts Payable Reports

Webinars

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