Third-Party Payment Processors – Mitigating Risk

Financial Institutions

May 01, 2013
by Robin Guthridge, CAMS

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Robin Guthridge Robin Guthridge, CAMS
Senior Manager, Compliance

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Certain products and services offered by your customers can pose a higher risk of money laundering or terrorist financing. One such service is third-party payment processing. Payment processors not only pose higher Bank Secrecy Act/Anti-Money Laundering (BSA/AML) risk, they also carry a high risk of fraudulent transactions being processed through their accounts held at financial institutions.

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Length: 3 pages (PDF 103 kB)

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