Correspondent, OFAC and Wire Transfer

Transpay: Go Global, But Not Before Doing These Five Things

PYMNTS

MAY 14, 2018

Wire transfers, or traditional correspondent banking, are another, although they do lose money at each hop – which is why many companies have been developing proprietary methods to take a more direct-to-bank approach. Maybe you use a wire transfer because the bank is exempt. Maybe you pay out less often.

OFAC

OFAC Wire Transfer ATM Cross-Border

Latin America Tries To Tackle Its Digital Security Problem

PYMNTS

JUNE 28, 2018

Another one, against Banco de Chile in May, cost about $10 million via fraudulent SWIFT wire transfers. A poll of attendees found that fraud stands as “the main compliance concern of 31 percent of delegates, closely followed by correspondent relationships (27 percent), and OFAC and sanctions (23 percent).”.

Security

Security Online and Mobile Banking SWIFT OFAC

Payments Space

Transpay: Go Global, But Not Before Doing These Five Things

Latin America Tries To Tackle Its Digital Security Problem

Webinars

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