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AML & Transaction Monitoring

Comprehensive anti-money laundering, sanctions screening, and AML transaction monitoring information

  • 1Transaction Monitoring
  • 2Global AML Sanctions
  • 3AML-CFT Compliance
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Payment Fraud Prevention

Payment fraud insights for online merchants against various digital vulnerabilities

  • 1Payment Risk Compliance
  • 2Anti-Transaction Laundering
  • 3Disputes and Chargebacks
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Crypto AML, TBML Risk Indicators

Exclusive content on merchant diligence, AML in crypto, and trade finance compliance

  • 1Merchant Due Diligence
  • 2Onboarding & Underwriting
  • 3Trade-Based Money Laundering

Transaction Laundering in the Card-Not-Present Environment

Defined as a branch of Merchant-Based Money Laundering, Transaction Laundering or Undisclosed Aggregation is an intrinsic element of merchant risk in the card-not-present payment environment. Combatting Transaction Laundering calls for comprehensive merchant due diligence with fortified underwriting, transaction monitoring, and AML compliance measures.

However, achieving standard measures for fair online merchant activities is a growing challenge with ever-rising ‘layered’ online payment methods in today’s payment ecosystem and its complex Card-Not-Present milieu, especially in the high-risk industries such as Virtual Goods (Software/Apps), Forex, Healthcare, Online Gambling, Adult Industry, Recurring Payments, Cryptocurrency, Vape, CBD, etc.

How TPM can help – The Perfect Merchant educates businesses on Anti-Transaction Laundering to secure them against digital vulnerabilities.

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AML-CFT Compliance | Anti-Money Laundering

Risk-based AML-CFT compliance to combat financial crimes and mitigate ML-FT-linked risks is vital to all financial and obligated enterprises worldwide. Scale your entity with well-informed AML-CFT compliance to offer frictionless client onboarding adhering to regulatory guidelines.

Modern AML and Identity Verification solutions are built on advanced Artificial Intelligence and Machine Learning algorithms. We help businesses make informed decisions on know-your-customer (kyc), know-your-business (kyb), customer diligence, sanction screening, and transaction monitoring. Our updated information on risk-mitigation measures also encapsulates the AML guidelines to combat trade finance money laundering. Read us to know more about Trade-Based Money Laundering.

Global AML Sanctions | PEP and Adverse Media Watchlists

For all regulated entities, the foremost step in averting money laundering and terrorism crimes is effective Sanctions Screening, PEP, and Adverse Media screening. Any small or vast AML-CFT negligence may cost businesses reputational loss and hefty financial penalties. To stop miscreants, bad actors, and criminals at the onboarding stage, entities must opt for effective global AML sanctions engines to screen and measure the authenticity of their clients.

Politically-Exposed-Person (PEP) and Adverse Media screening also form an important aspect of the AML watchlists. With accurate details on sanctions, you select the best client identification tools and track suspicious client behaviors and activities with advanced automation and integration. Financial and regulated businesses must understand the importance of OFAC, EU Sanctions, OFSI, and UNSC Global AML Sanctions.

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Payment Fraud Prevention | Anti-Transaction Laundering

TPM content extends a series of publications on Transaction Laundering & Merchant-Risks in the Card-Not-Present environment. Regulation in Transaction Laundering is a part of the core AML/KYC compliance laid on the guidelines set by international authorities such as the BASEL Committee, FATF (setting up of FIUs), The Wolfsberg, and other similar FATF-style bodies.

Combatting frauds, chargebacks, and suspicious transactions constantly call for automotive tools with human intervention to infer suspected merchant behaviors, industry Red Flags, and risk patterns. Modern-day automation like Artificial Intelligence/Machine Learning (AI/ML) – with historical data and pre-set scenario models – accelerates merchant underwriting and monitoring processes.

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Blockchain Analytics | AML in Crypto Payments

Regulated businesses and industry experts are enthusiastic about implementing AML/KYC and Compliance technologies via distributed ledger framework using Blockchain technology.

Financial and crypto ventures are encouraged to implement this disruptive technology, especially for effective Transaction Monitoring and Merchant Due Diligence programs.

TPM continuously researches how a trustless technology like Blockchain could be more efficiently implemented while solving longstanding frictions in executing merchant-risk compliances. We encourage high-risks and other financial businesses to share their ideas and debates on Blockchain and Payment Compliances here at [email protected].

TPM Merchant Due Diligence

Merchant acquirers and payment processors engulf the modern e-payment systems with wire transfers  ACH (debit or credit), direct deposit person-to-person pay (P2P), digital wallets etc. Each merchant-payment case is different; thus, TPM offers exclusive reports on Merchant Due Diligence from the standpoint of today’s intricate Third-Party Risk Management (TPRM) systems. The subject calls for a pragmatic analysis of the AML Transaction Monitoring techniques that determines merchant transaction risk levels and their online behavioral patterns. The TPM idea is to attain healthier decision-making while combating Merchant-Based Money Laundering and overall merchant-acquisition and long-term merchant retention programs. At TPM, the Merchant Due Diligence techniques are standardized with a two-pronged analysis –

  • Automation in Merchant Onboarding and Transaction Monitoring methods for steadfast Due Diligence,
  • and implementation of international standards and guidelines to improve AML-CFT Compliances in combating Transaction Laundering.
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Blog and Updates

what is once a pep always a pep
31
Oct
Once a PEP, Always a PEP: Why Financial Systems Keep Tabs on Former Officials

“Once a PEP, always a PEP” is a rule that drives how banks and other financial institutions handle accounts for politically exposed persons (PEPs). The term PEP refers to people with public influence—like politicians or top government officials—who could misuse…

Read More
30
Oct
What Are AML Red Flags? — A Comprehensive Guide

Spot AML red flags early, or risk letting trouble sneak through unnoticed. When every transaction counts, missing a sign isn’t just a slip—it’s a potential compliance risk. What Is a Red Flag in AML? A red flag in anti-money laundering…

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what is anti-money laundering database aml database
29
Oct
What Makes AML Database the Backbone of Anti-Money Laundering Infrastructure

Anti-money laundering compliance today means working with huge amounts of AML databases—from customer records and transactions to sanctions lists and watchlists. In this article, we’ll break down what an AML database is and its use cases to learn how AML…

Read More

Get In Touch

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The Perfect Merchant

The Perfect Merchant contributes informative, in-depth content on money laundering, merchant diligence, and payment fraud prevention for regulated and obligated businesses worldwide. Get blogs and updates on:

  • AML-CFT Compliance | Transaction Monitoring
  • Global AML Sanctions | Anti-Transaction Laundering
  • Payment Fraud Prevention | Disputes/Chargebacks
  • Trade-Based Money Laundering (TBML)
  • AML in Crypto | Blockchain-based AML
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