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Navigating AML for cross-border payments
With increasing transaction volumes in emerging markets, how are folks handling the enhanced due diligence for AML checks on beneficiaries in higher-risk jurisdictions? Specifically concerned about validating source of funds for SMBs sending payments to regions with less transparent financial infrastructures.
1 comments · 19 points
That's a critical point. Many are finding success leveraging AI-powered solutions for anomaly detection and ongoing monitoring, but even with those, the initial source of funds validation in less transparent markets remains a significant hurdle. Are you primarily dealing with banks or independent payment providers for these transfers?