Posts by Eugene O'Rourke

  1. How FinTech Anti Money Laundering Helpful Emerging Markets thumbnailFinancial technology has made immense strides in the past decade, bringing new levels of convenience to the consumer and corporate markets. App developers are disrupting the financial industry while also supporting the anti-money laundering regulations of federal and international bodies. (more…)

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  2. Terrorist organizations, like other organized crime groups, require funding in order to operate. Buying weapons and vehicles, feeding and housing members, and using marketing materials to spread their ideas all cost money. The Center for a New American Security reports the 9/11 attacks alone are estimated to have cost between $400,000 and $500,000. (more…)

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  3. What Banks Need to Know About Account VerificationFor financial services companies processing high volumes of consumer and business payments, manual verification of accounts is not possible. With the increased speed of the electronic payments clearing house system, financial services processors have to work quickly to prevent fraud and maintain the integrity of the network. NACHA compliant account verification services can help them do it. (more…)

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  4. 5 Tips for Implementing Sanctions ScreeningOFAC screening is part of doing business for U.S. companies who transact with international customers. The process ensures compliance with U.S. law and protects the interests of the company by avoiding fines and unintentional contact with blocked parties. (more…)

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