Money and transaction laundering in payments

Risk is good. And sometimes the biggest risk can be not taking on enough risk. There are upside as well as downside risks to every business decision. Nowhere is this clearer than when deciding which merchants to sign.

Some merchants are inherently more risky than others. It depends on the products or services they sell, countries in which they operate, and their delivery channels and customers. However, what separates good from poor acquirers is the ability to identify, manage and monitor risk.

This course examines sectors that pose higher money laundering risks for acquirers. These include money service businesses, cryptocurrency exchanges and gambling operators. It also provides a deep-dive on transaction laundering, which is when merchants process transactions from businesses unknown to their acquirer.

Packed full of real-life case studies and practical, worked examples, ‘Money & Transaction Laundering in Payments’ is designed for risk management and compliance staff making go/no-go decisions about whether to on-board merchants and how to manage the upside and downside risks they bring. It is an advanced course and builds on the knowledge gained from Web Shield's 'Fundamentals of Anti-Money Laundering' course.