Jan 30, 2019 | Compliance, Fraud Detection, Merchant Monitoring, Risk Management, Transaction Laundering
Ongoing monitoring is required by regulatory authorities and credit card organizations as part of enhanced due diligence for certain merchant types. Especially acquirers with many high-risk merchants in their portfolio have to implement a solid monitoring framework. For them, monitoring isn’t an option but a legal obligation.
Aug 4, 2017 | Interview, Transaction Laundering
You estimate the extent of TL to reach $352B worldwide. Criminals who abuse merchant accounts to process card payments for their illegal products or services are threatening legitimate e-commerce and merchant acquirers. In 2016, there were over 500,000 illegal shops online. What makes TL hard to detect?
Oct 24, 2016 | Fraud Detection, Interview, Security, Transaction Laundering