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
-
What international blocklists does the RemitONE platform use?
-
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?
-
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?
-
Where can I find information on Money laundering regulations?
-
What international block-lists does the RemitONE platform use?
-
If we already have a provider of OFAC check service, how can it be integrated with the RemitONE platform?
-
Can the OFAC checks be performed during remitter/beneficiary registration?
-
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?
-
What sort of steps can we take once a person or transaction is flagged?
What Others Say
We pay great attention to the efficiency of our IT systems, combining such vital components as security of transfers, anti-money laundering policies and many more client conveniences and services. Having exchanged our views of possible collaboration with our colleagues at RemitONE, we came to the conclusion that they can perfectly meet our demands and high operational standards. The team at RemitONE are dynamic professionals who thoroughly understand the money transfer industry.
Jeffrey Phaneuf, CEO
Tempo France
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
RemitONE’s platform is robust, easy to use, and at the same time affordable. The system does not require rigorous training or technical skills. We make bold to say that procurement of RemitONE revolutionised the profitability of Africash as the product has recorded huge in crease in profitability. The product moved from a nominal product to one of the bank’s flagship products since the introduction of the platform due to the improvement it brought in the areas of swift transaction processing and quality of service. In fact, all staff have become ambassadors for Africash due to the efficiency of the system. Riding on RemitONE, Africash has turned loss making and low performing offices to super profit business offices in the bank. Income made in the first year of RemitONE deployment has exceeded the past 4 years income.
Nkiru Udechukwu, Product Manager
United Bank for Africa