Payment Service Providers
Track AML/CFT developments affecting payment service providers, money services businesses, remittance companies, electronic money institutions, payment processors, merchant acquirers and digital wallet operators. Coverage includes customer verification, cross-border transfers, agent oversight, transaction monitoring and suspicious activity reporting.
-
Verto Adopts Flagright for Real-Time AML Monitoring Across Global Payments
Global payments and foreign-exchange provider Verto has selected Flagright to strengthen real-time transaction monitoring across its payments and FX infrastructure, as the company expands across…
Read More » -
EU Instant Payments Rules Shift Sanctions Screening Toward Daily Customer Checks
The EU’s Instant Payments Regulation is forcing payment service providers to rethink how sanctions controls are built into real-time euro payments, as the regulatory framework…
Read More » -
Bank of Lithuania Temporarily Restricts Lux International Payment System During AML/CFT Inspection
The Bank of Lithuania has temporarily prohibited electronic money institution UAB Lux International Payment System from providing financial services to both new and existing customers…
Read More » -
US Treasury Sanctions Crypto Exchanges Funding Iran’s IRGC and Enabling Illicit Finance
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two digital asset exchanges and a network of associated individuals and…
Read More » -
AMLA Surveys Payment Firms on Central Contact Point Rules
AMLA is surveying payment and e-money firms as it prepares to update EU rules governing central contact points.
Read More »