Alternative payments require AML diligence, oversight
Mastercard, Bancard, Truist Financial and others consider changing AML needs
Alternative payment methods have risen with the COVID-19 pandemic, requiring banks and financial institutions (FIs) to ensure they have anti-money laundering (AML) processes in place. Navigating this new world of alt payment methods was a major theme yesterday at the Association for Certified Anti-Money Laundering Specialists (ACAMS) Anti-Financial Crime Conference in Las Vegas. “From a […]
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