MI2 - Tackling Financial Crime Vulnerabilities in the Payments Processing Industry

Description

• Understanding sanctions screening requirements for third party payment (TPP) processors and proper disclosure to the sponsoring bank
• Forging open lines of communication between the sponsor bank and TPP to identify suspicious transaction patterns
• Determining guidance and training for TPPs on SAR filing processes, obligations and expectations
• Utilizing technology to fulfill CIP and CDD requirements based on clientele risk levels

Speaker(s):

• Anthony L. Rodriguez, CAMS, Chief Risk & Compliance Officer, Data Protection Officer, AFEX
• William J. Voorhees, CAMS, Senior Vice President, BSA/AML Financial Intelligence Unit Manager, BB&T, Now TRUIST
• William C. Matos, MFA, CAMS, C.F.E., Head of Card/Merchant Operations/Services/Implementation, SVB Financial Group