24Apr

Trump Signs Fight Online Sex Trafficking Act (FOSTA) Bill: The Impact on the Payments Industry…and the Entire Internet

On: April 24, 2018

President Trump signed FOSTA (Fight Online Sex Trafficking Act) into law on April 11, dropping a bomb on the online payments industry, sex workers and the Internet entirely. The bill, passed by Congress at the end of March, broadly makes any “any information service, system, or access software provider...

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04Apr

What Every ACAMS Member (and AML Professional) Should Know About Transaction Laundering

On: April 04, 2018

The Association of Certified Anti-Money Laundering Specialists (ACAMS) is the most prominent global anti-money laundering/counter-terrorist financing (AML/CTF) organization in the world. Members of the ACAMS include government regulators, compliance officers, attorneys, and accountants. The Certified Anti-Money Laundering Specialist (CAMS) title is granted by the organization to individuals who have...

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27Mar

Top Anti-Money Laundering Experts to Follow on Social Media

On: March 27, 2018

The United Nations estimates that the amount of money laundered each year constitutes around 2-5% of the global GDP, an estimated $800 billion – $2 trillion in USD.  As technology evolves, and our financial world adapts to the realities of the digital world, money laundering is making the digital shift....

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29Jan

How to Minimize Risks of Online Merchant Acquiring

On: January 29, 2018

Acquiring an e-commerce merchant account is similar to having an unsecured line of credit, in that it has the potential to carry significant risks of merchant-based fraud, as well as risks of non-delivery and non-payment of chargebacks.  Online merchant acquisition has become an increasingly volatile business with a focus...

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22Jan

Must-Attend Events for Payments In 2018

On: January 22, 2018

The cost of money laundering worldwide is estimated to be approximately 2-5% of the global GDP, or roughly U.S. $1-2 trillion annually, resulting in a lucrative market for criminals of all sorts. As developments in technology and regulatory changes push international efforts to combat this significant illegal activity, payment...

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