Anti-Money Laundering & Third-Party Payment Processors

Marcia Francis, CPA, CGA, CFE, CAMS-Audit

Third-party payment processors (TPPPs) are critical participants in the payment ecosystem. TPPPs are legally responsible for the funds of each electronic transaction when those funds are not in the hands of either the buyer or merchant. This paper will focus on the facilitation of payments between buyers and sellers, and how they can work collaboratively to reduce money-laundering risk.

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