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MI2 - Tackling Financial Crime Vulnerabilities in the Payments Processing Industry


‐ Sep 29, 2014 3:15pm

  • 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