Categories
- License, Bank Account & Regulation
- Compliance
- Expanding your send and payout network
- Mobile apps & online
- Integration With Other Banks and MTOs
- Value-Add Services
- Software Platform
- Pricing Models
- System Security & Disaster Recovery
- Business Continuity
- Other
FAQ:Compliance
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What international blocklists does the RemitONE platform use?
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If the AML blocklist check (HM Treasury, OFAC etc.) is done during transaction creation, and the person is flagged (i.e. his/her name is on the list), how does the administrator/agent get notified of it and how do we stop this transaction from going forward to the ACH batch file for further processing?
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Can the AML blocklist checks – such as OFAC, EU Sanctions, HM Treasury, UN 1267, MAS, SECO, DFAT etc. – be performed by RemitONE’s software platform during remitter/beneficiary registration?
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If we already have a provider of OFAC check service, how can it be integrated with the RemitONE platform?
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Can the OFAC checks be performed during remitter/beneficiary registration?
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If the OFAC check is done during transaction creation, and the person is flagged (i.e. his/her name is on the list), how does the administrator/agent get notified of it and how do we stop this transaction from going forward to the ACH batch file for further processing?
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What sort of steps can we take once a person or transaction is flagged?
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Where can I find information on Money laundering regulations?
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What international block-lists does the RemitONE platform use?
What others say
I work closely with RemitONE on a number of Money Service Business opportunities and RemitONE continue to be enormously diligent and professional in their approach to the sector.
David Lambert, CEO
L68 Consulting
RemitONE has created a global ecosystem of money transfer operators using its proven platforms and consulting services. RemitONE provides efficiency for all the stakeholders in the remittance chain.
Mohit Davar, Former CEO
Moneygram and Travelex/Coinstar
The RemitONE platform has allowed us to expand our business operations at an accelerated pace without compromising on KYC and AML compliance. RemitONE’s support team are always responsive, friendly, professional,and helpful.
Maureen Williams, Operations Manager
Unity Link