You’ve probably heard about online payment scams and schemes, but have you ever wondered just how widespread they are? According to recent research, payment fraud affects one out of every 67 transactions, and the rate of growth in these crimes has been increasing over the past years. The fact is payment processing is the lifeline
Tag Archives: kyc
Anti-Money Laundering, Compliance, identity verification, know your customer (KYC)
Compliance and Disclosure from a KYC/AML Perspective
03
Feb
Feb
Advances in technology have made it easier than ever to transfer money between people and organizations. Unfortunately, they’ve also made it easier than ever to transfer illicit funds illegally around the world. To prevent this from happening, banks and other financial institutions institute compliance programs that make sure they know their customers —that is, they
