{"id":18666,"date":"2024-07-29T20:49:35","date_gmt":"2024-07-29T15:19:35","guid":{"rendered":"https:\/\/www.zigram.tech\/?p=18666"},"modified":"2024-08-16T11:08:54","modified_gmt":"2024-08-16T11:08:54","slug":"anti-money-laundering-aml-requirements-for-payment-processors-in-2024","status":"publish","type":"post","link":"https:\/\/testv2.zigram.tech\/anti-money-laundering-aml-requirements-for-payment-processors-in-2024\/","title":{"rendered":"Anti-Money Laundering (AML) Requirements For Payment Processors In 2024"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18666\" class=\"elementor elementor-18666\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3d8c34a2 singleResourcesSection newSingleinsightsSectioncontent elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3d8c34a2\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58417ef7\" data-id=\"58417ef7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-284f3fa7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"284f3fa7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-73b64363 singleCustomarrowinsight\" data-id=\"73b64363\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-29da3c45 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"29da3c45\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.zigram.tech\/articles\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"> <\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1ef60442 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ef60442\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1d4a497e\" data-id=\"1d4a497e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-15b9273a readtime elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"15b9273a\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-clock\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8zm0 448c-110.5 0-200-89.5-200-200S145.5 56 256 56s200 89.5 200 200-89.5 200-200 200zm61.8-104.4l-84.9-61.7c-3.1-2.3-4.9-5.9-4.9-9.7V116c0-6.6 5.4-12 12-12h32c6.6 0 12 5.4 12 12v141.7l66.8 48.6c5.4 3.9 6.5 11.4 2.6 16.8L334.6 349c-3.9 5.3-11.4 6.5-16.8 2.6z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">7 minutes read<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43b51e68 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"43b51e68\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Anti-Money Laundering (AML) Requirements For Payment Processors In 2024<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cebd5ea elementor-align-left elementor-widget elementor-widget-post-info\" data-id=\"cebd5ea\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-cb4335c\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/testv2.zigram.tech\/2024\/07\/29\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>July 29, 2024<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9293471   elementor-widget elementor-widget-text-editor\" data-id=\"9293471\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Payment Processors are financial intermediaries that facilitate electronic transactions between buyers and sellers while implementing measures to detect and prevent money laundering activities. They act as a bridge, enabling seamless and secure payment transfers across different financial networks. These processors handle a variety of transactions, including credit card payments, bank transfers, e-wallet transactions, and other digital payments. In recent years, the landscape of Anti-Money Laundering (AML) requirements for payment processors has evolved significantly. As financial crimes grow more sophisticated, regulatory bodies worldwide have intensified their scrutiny and expanded the scope of AML regulations. Payment processors, serving as crucial intermediaries in the financial ecosystem, are now under stringent obligations to detect and prevent money laundering activities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27530dd7 singleImgshadow  ctsingleimg elementor-widget__width-initial elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"27530dd7\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"768\" src=\"https:\/\/testv2.zigram.tech\/wp-content\/uploads\/2024\/07\/Designer-40-1-768x768.png\" class=\"attachment-medium_large size-medium_large wp-image-18668\" alt=\"Anti-Money Laundering (AML) Requirements For Payment Processors In 2024\" srcset=\"https:\/\/testv2.zigram.tech\/wp-content\/uploads\/2024\/07\/Designer-40-1-768x768.png 768w, https:\/\/testv2.zigram.tech\/wp-content\/uploads\/2024\/07\/Designer-40-1-300x300.png 300w, https:\/\/testv2.zigram.tech\/wp-content\/uploads\/2024\/07\/Designer-40-1-150x150.png 150w, https:\/\/testv2.zigram.tech\/wp-content\/uploads\/2024\/07\/Designer-40-1.png 1024w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-317cb45 elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"317cb45\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><p class=\"elementor-image-box-description\">In 2024, India continues to be at the forefront of digital transformation, with a rapidly growing fintech ecosystem and an increasing reliance on digital payment solutions. However, this growth has also brought with it heightened risks of financial crimes, particularly money laundering. To safeguard the integrity of its financial system, India has implemented stringent Anti-Money Laundering (AML) regulations that payment processors must adhere to. Governed primarily by the Prevention of Money Laundering Act (PMLA), these regulations aim to detect, prevent, and report illicit financial activities. This article delves into the specific AML requirements for payment processors operating in India, highlighting key compliance obligations, emerging trends, and best practices to navigate the regulatory landscape effectively in 2024.\n<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-987cf58   elementor-widget elementor-widget-text-editor\" data-id=\"987cf58\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>Follow us on <a href=\"https:\/\/www.linkedin.com\/company\/zigram\/\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a> for latest AML updates around the globe! Or <a href=\"https:\/\/www.zigram.tech\/contact-us\/\" target=\"_blank\" rel=\"noopener\">Sign Up on our website<\/a>!<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-426f7f5 elementor-widget elementor-widget-heading\" data-id=\"426f7f5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What Is The Role Of Payment Processors?<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e941c7e elementor-position-left elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"e941c7e\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img decoding=\"async\" width=\"500\" height=\"499\" src=\"https:\/\/testv2.zigram.tech\/wp-content\/uploads\/2024\/07\/Anti-money-laundering-graphic-1.jpg\" class=\"attachment-full size-full wp-image-18671\" alt=\"\" srcset=\"https:\/\/testv2.zigram.tech\/wp-content\/uploads\/2024\/07\/Anti-money-laundering-graphic-1.jpg 500w, https:\/\/testv2.zigram.tech\/wp-content\/uploads\/2024\/07\/Anti-money-laundering-graphic-1-300x300.jpg 300w, https:\/\/testv2.zigram.tech\/wp-content\/uploads\/2024\/07\/Anti-money-laundering-graphic-1-150x150.jpg 150w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure><div class=\"elementor-image-box-content\"><p class=\"elementor-image-box-description\">Payment processors are pivotal in the modern financial landscape, providing the technological infrastructure and services that enable businesses to accept and manage electronic payments. Their responsibilities include verifying and authorizing transactions, ensuring funds are transferred correctly, and managing the settlement process between merchants and financial institutions. By facilitating these transactions, payment processors <span style=\"white-space-collapse: collapse;\">help to maintain the fluidity and efficiency of the global financial system. Additionally, they offer value-added services such as fraud detection, chargeback management, and reporting and analytics, which are integral to the financial health of businesses.<\/span><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-116368c elementor-widget elementor-widget-heading\" data-id=\"116368c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What Is The Importance Of AML Requirements In Payment Processors?<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1e2c0e   elementor-widget elementor-widget-text-editor\" data-id=\"d1e2c0e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The significance of AML requirements for payment processors cannot be overstated. Payment processors are particularly vulnerable to exploitation by criminals seeking to launder money. Implementing stringent AML measures helps to mitigate these risks by ensuring that transactions are legitimate and that suspicious activities are promptly identified and reported. AML requirements typically include customer due diligence (CDD), ongoing <a href=\"https:\/\/www.zigram.tech\/blog\/how-does-transaction-monitoring-detect-fraud\/\" target=\"_blank\" rel=\"noopener\">transaction monitoring<\/a>, <a href=\"https:\/\/www.zigram.tech\/blog\/top-rated-risk-and-name-screening-software-prescreening-io-by-zigram\/\" target=\"_blank\" rel=\"noopener\">sanctions screening<\/a>, and the filing of suspicious activity reports (SARs). AML compliance protects the integrity of the financial system by preventing money laundering, which can have severe economic and social consequences. For payment processors, adhering to AML regulations is not only a legal obligation but also a crucial aspect of maintaining their reputation and trust with customers and regulatory authorities. Non-compliance can result in hefty fines, legal penalties, and damage to a company&#8217;s reputation. By upholding AML standards, payment processors contribute to the global fight against financial crime, supporting a safer and more transparent financial environment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ef30b8   elementor-widget elementor-widget-text-editor\" data-id=\"5ef30b8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>Related Reads: <\/em><\/p><p><a href=\"https:\/\/www.zigram.tech\/blog\/top-rated-risk-and-name-screening-software-prescreening-io-by-zigram\/\" target=\"_blank\" rel=\"noopener\"><em>Top-Rated Risk And Name Screening Software: PreScreening.io By ZIGRAM<\/em><\/a><br \/><a href=\"https:\/\/www.zigram.tech\/blog\/what-is-customer-due-diligence\/\" target=\"_blank\" rel=\"noopener\"><em>What Is Customer Due Diligence?<\/em><\/a><br \/><a href=\"https:\/\/zigram.tech\/blog\/ai-due-diligence\/\" target=\"_blank\" rel=\"noopener\"><em>AI Due Diligence: Revolutionizing Financial Fraud Detection &amp; Risk Management<\/em><\/a><br \/><a href=\"https:\/\/www.zigram.tech\/blog\/how-does-transaction-monitoring-detect-fraud\/\" target=\"_blank\" rel=\"noopener\"><em>How Does Transaction Monitoring Detect Fraud?<\/em><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-533b8be elementor-widget elementor-widget-heading\" data-id=\"533b8be\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Key AML Requirements For Payment Processors<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c6d6d7 elementor-widget elementor-widget-image-box\" data-id=\"0c6d6d7\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">Customer Due Diligence (CDD) and Know Your Customer (KYC)<\/h5><p class=\"elementor-image-box-description\">Payment processors must implement robust CDD and KYC procedures to verify the identity of their customers. Collecting and verifying personal information such as name, date of birth, address, and identification numbers is a must. Payment processors must classify customers based on their risk profiles, which involves evaluating factors like transaction patterns, geographical location, and business type and continuously <a href=\"https:\/\/www.zigram.tech\/blog\/what-is-aml-name-screening-what-are-the-techniques-and-best-practices\/\" target=\"_blank\">monitor customer transactions<\/a> and update risk profiles accordingly.\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22ff768 elementor-widget elementor-widget-image-box\" data-id=\"22ff768\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">Enhanced Due Diligence (EDD)<\/h5><p class=\"elementor-image-box-description\">For high-risk customers or transactions, payment processors must conduct <a href=\"https:\/\/www.zigram.tech\/blog\/enhanced-due-diligence\/\" target=\"_blank\">EDD<\/a> by gathering additional information about the customer's source of funds, business relationships, and financial history, obtaining approval from senior management for onboarding or continuing relationships with high-risk customers and applying more stringent monitoring measures to detect suspicious activities.\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6cd2da elementor-widget elementor-widget-image-box\" data-id=\"c6cd2da\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">Suspicious Activity Reporting (SAR)<\/h5><p class=\"elementor-image-box-description\">Payment processors are required to file SARs when they detect potentially suspicious transactions. Such transactions are detected by recognizing unusual transaction patterns, such as large, rapid, or structured deposits and withdrawals, submitting SARs to relevant authorities within the stipulated time frame, typically within 30 days of detecting suspicious activity and ensuring that the filing of SARs and related investigations remain confidential to avoid tipping off the customers involved.\n\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b9d83e elementor-widget elementor-widget-image-box\" data-id=\"3b9d83e\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">Sanctions Screening<\/h5><p class=\"elementor-image-box-description\">Payment processors must screen customers and transactions against <a href=\"https:\/\/www.zigram.tech\/data-assets\/global-sanctions-4\/\" target=\"_blank\">global sanctions lists<\/a>, including those maintained by the Office of Foreign Assets Control (OFAC), the United Nations, and the European Union by implementing systems to <a href=\"https:\/\/www.zigram.tech\/prescreening-io\/\" target=\"_blank\">screen transactions <\/a>in real-time to prevent processing payments involving sanctioned entities, and ensuring that sanctions lists are regularly updated to reflect the latest changes.\n\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82cc135 elementor-widget elementor-widget-image-box\" data-id=\"82cc135\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">Record-Keeping<\/h5><p class=\"elementor-image-box-description\">Payment processors are obligated to maintain comprehensive records of transactions, customer information, and <a href=\"https:\/\/www.amlpenalties.com\/\" target=\"_blank\">AML-related documentation <\/a>for a specified period, usually five years by providing a clear audit trail for regulatory reviews and investigations and enabling regulators to verify compliance with AML regulations during inspections.\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2dc5fb5 elementor-widget elementor-widget-heading\" data-id=\"2dc5fb5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Country-Specific AML Payment Regulations<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a24a0c4   elementor-widget elementor-widget-text-editor\" data-id=\"a24a0c4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Grasping the intricacies of country-specific AML regulations is crucial for businesses operating internationally and for policymakers aiming to strengthen their country&#8217;s AML systems. With this knowledge, payment processing businesses can gain a significant competitive advantage.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4758eb elementor-widget elementor-widget-image-box\" data-id=\"a4758eb\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\"><img decoding=\"async\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAACkAAAApCAMAAACfvvDEAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAE+UExURf+ZM\/+SJP+7d\/+9eP\/Bev\/\/\/+Xs\/+Lp\/8nK5mNjsVhYr2JitGNjs8XG5JKSyS0tmIyMxb+\/37+\/4IyMxygomZGRyMzM5igomLCw2dnZ7u3t9unp89nZ7Sgol83N5\/39\/l9fsYqKxtvb73Jyt56e0XR0uYuLxdvb7lpar\/z8\/ebm81VVrb294Ovr9Xh4ug4OhWZmthERh3l5u7293lNTrOXl8+Dg8GRktKam1GNjtAAAh2RktaCg0WdnteDg8Xt7vRAQh2VlthERiL2931NTq\/z8\/l5esYuLxKur2IqKxVparczM57Cw2NXV7enp9ejo9bKy2yIik8jI4pGRySkplYyMw7u73iIiko+PyMbG5F1drlVVqWJir1hYql5dr8HA4Pbu\/\/Lq\/\/Xt\/2GwWWOyW2a1XAB\/ABGIBhKIBwAAANcJO1sAAABqdFJOU\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/wC85NzjAAAACXBIWXMAABcRAAAXEQHKJvM\/AAAA10lEQVQ4T+3QvQqDMBDA8bR4dCi+QLagEHCIzsWpOBRE0BYjJEtDsb7\/G9Th\/ODi4Fran8vd8R9U9vebDnuxoy8IApzWGPjcyeG05pfluRifEreFV8aNCCEUjcB9RsuyqaWDRNZNhZcJLa2QbRRHQgqLlwkpXaFdlJpUOW3JZ5EyMQB5dslyACPxhmhZaK7SLFVcW443tPWe6qZaKQq8TGg5fnvFgVf1lf5RWkLctRp02z1wn3klhNYaa++4Lfxy5J44rLHXhr7HYY2992LDXv9yj+8oh+EDsQUKKPtHMJ8AAAAASUVORK5CYII=\" alt=\"\" height=\"30\" width=\"30\"> India<\/h5><p class=\"elementor-image-box-description\">India's AML regulations are governed by the <a href=\"https:\/\/fiuindia.gov.in\/files\/AML_Legislation\/pmla_2002.html\" target=\"_blank\">Prevention of Money Laundering Act (PMLA)<\/a>. Payment processors are required to conduct KYC procedures, monitor transactions, and report suspicious activities to the Financial Intelligence Unit - India (FIU-IND). The regulatory framework in India is evolving, with increasing focus on digital payment platforms and fintech companies.\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60aad3f elementor-widget elementor-widget-image-box\" data-id=\"60aad3f\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/png;base64,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\" alt=\"\" height=\"30\" width=\"30\"> United States Of America<\/h5><p class=\"elementor-image-box-description\">In the United States, AML regulations are governed primarily by the <a href=\"https:\/\/www.fincen.gov\/resources\/statutes-and-regulations\/bank-secrecy-act\" target+\"_blank\">Bank Secrecy Act (BSA)<\/a> and the <a href=\"https:\/\/www.fincen.gov\/resources\/statutes-regulations\/usa-patriot-act\" target=\"_blank\">USA PATRIOT Act<\/a>. These laws mandate payment processors to implement comprehensive Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures, file Suspicious Activity Reports (SARs), and conduct regular sanctions screening. The Financial Crimes Enforcement Network (FinCEN) oversees compliance, emphasizing a risk-based approach to AML.\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c396a3 elementor-widget elementor-widget-image-box\" data-id=\"2c396a3\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/png;base64,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\" alt=\"\" height=\"30\" width=\"30\"> United Kingdom<\/h5><p class=\"elementor-image-box-description\">The UK's AML framework is largely shaped by the <a href=\"https:\/\/app.amlpenalties.com\/regulation\/828ccaff-ea0e-11eb-86dd-02681aaeea47\" target=\"_blank\">Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017<\/a>, which align with the EU's AML Directives. The Financial Conduct Authority (FCA) enforces these regulations, requiring payment processors to conduct thorough CDD, monitor transactions for suspicious activity, and report any findings promptly. The UK's departure from the EU has led to independent enhancements of AML measures to address emerging risks.\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c2a11e elementor-widget elementor-widget-image-box\" data-id=\"4c2a11e\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/png;base64,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\" alt=\"\" height=\"30\" width=\"30\"> European Union<\/h5><p class=\"elementor-image-box-description\">The European Union's AML regulations are governed by the <a href=\"https:\/\/www.europarl.europa.eu\/news\/en\/press-room\/20240419IPR20586\/new-eu-rules-to-combat-money-laundering-adopted\" target=\"https:\/\/www.europarl.europa.eu\/news\/en\/press-room\/20240419IPR20586\/new-eu-rules-to-combat-money-laundering-adopted\" target=\"_blank\">EU Anti-Money Laundering Directives (AMLD)<\/a>, with the 6th AMLD introducing tougher penalties and clearer definitions of money laundering offenses. Payment processors in the EU must adhere to strict CDD and EDD requirements, report suspicious transactions, and perform ongoing monitoring. The European Banking Authority (EBA) provides guidelines to ensure consistent implementation across member states.\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88da315 elementor-widget elementor-widget-image-box\" data-id=\"88da315\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/png;base64,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\" alt=\"\" height=\"30\" width=\"30\"> Canada<\/h5><p class=\"elementor-image-box-description\">Canada's AML regulations are overseen by the <a href=\"https:\/\/lois-laws.justice.gc.ca\/eng\/acts\/p-24.501\/\" target=\"_blank\">Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)<\/a>. Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), payment processors must implement CDD, report suspicious transactions, and maintain detailed records. Recent updates have strengthened requirements around virtual currencies and beneficial ownership transparency.\n\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98f930d elementor-widget elementor-widget-image-box\" data-id=\"98f930d\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/png;base64,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\" alt=\"\" height=\"30\" width=\"30\"> Singapore<\/h5><p class=\"elementor-image-box-description\">Singapore's AML regime is governed by the Monetary Authority of Singapore (MAS) under the <a href=\"https:\/\/www.mas.gov.sg\/regulation\/acts\/payment-services-act\" target=\"_blank\">Payment Services Act (PSA)<\/a> and the <a href=\"https:\/\/sso.agc.gov.sg\/Act\/CDTOSCCBA1992\" target=\"_blank\">Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA)<\/a>. Payment processors must conduct CDD, file Suspicious Transaction Reports (STRs), and adhere to strict record-keeping requirements. Singapore's strategic location as a financial hub necessitates robust AML measures to mitigate risks associated with money laundering and terrorist financing.\n\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b4fc1c   elementor-widget elementor-widget-text-editor\" data-id=\"9b4fc1c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>Related Reads: <\/em><\/p><p><a href=\"https:\/\/www.zigram.tech\/blog\/major-regulations-in-apr2024\/\" target=\"_blank\" rel=\"noopener\"><em>Major Regulations to Combat Financial Crimes in 2024: AML, Crypto, Sanctions, PEPs, Compliance<\/em><\/a><br \/><a href=\"https:\/\/www.zigram.tech\/blog\/rbis-regulations-for-payment-aggregators\/\" target=\"_blank\" rel=\"noopener\"><em>RBI\u2019s Regulations for Payment Aggregators: FinTech\u2019s Prepare for Compliance Surge<\/em><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee81372 elementor-widget elementor-widget-heading\" data-id=\"ee81372\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">2024 Emerging Trends In AML Compliance For Payment Processors<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da3f14a elementor-widget elementor-widget-image-box\" data-id=\"da3f14a\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">Technological Advancements<\/h5><p class=\"elementor-image-box-description\">The use of advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain is transforming AML compliance. These technologies help in enhancing the ability to detect complex money laundering schemes through pattern recognition and anomaly detection, streamlining KYC, transaction monitoring, and reporting processes, reducing manual effort and errors and leveraging blockchain for immutable and transparent record-keeping.\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3662362 elementor-widget elementor-widget-image-box\" data-id=\"3662362\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">RegTech Solutions<\/h5><p class=\"elementor-image-box-description\"><a href=\"https:\/\/www.zigram.tech\/about-us\/\" target=\"_blank\">Regulatory Technology (RegTech) solutions <\/a>are becoming integral to AML compliance. These tools offer automated solutions for compliance tasks, such as sanctions screening and transaction monitoring and advanced risk management frameworks to identify and mitigate AML risks effectively.\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e506da0 elementor-widget elementor-widget-image-box\" data-id=\"e506da0\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">Increased Regulatory Collaboration<\/h5><p class=\"elementor-image-box-description\">Regulatory bodies are increasingly collaborating globally to combat money laundering by facilitating cross-border information sharing among regulators and financial institutions and working towards harmonizing AML standards to ensure consistency and effectiveness across jurisdictions.\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e47d41b   elementor-widget elementor-widget-text-editor\" data-id=\"e47d41b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em><a href=\"https:\/\/www.zigram.tech\/contact-us\/\" target=\"_blank\" rel=\"noopener\">Sign Up<\/a> with ZIGRAM for the most advanced Reg Tech solutions.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70a83a1   elementor-widget elementor-widget-text-editor\" data-id=\"70a83a1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In 2024, the AML requirements for payment processors are more stringent and complex than ever. By implementing robust AML programs, leveraging advanced technologies, and fostering a culture of compliance, payment processors can effectively combat money laundering and contribute to the integrity of the global financial system. Adapting to the evolving regulatory landscape and staying ahead of emerging threats will be crucial for maintaining compliance and protecting their operations from financial crime risks. <a href=\"https:\/\/www.zigram.tech\/\" target=\"_blank\" rel=\"noopener\">ZIGRAM<\/a> is providing the best solution for all these requirements. ZIGRAM\u2019s extensive tools are the only thing you need to stay updated with AML obligations. <a href=\"https:\/\/www.zigram.tech\/contact-us\/\" target=\"_blank\" rel=\"noopener\">Connect<\/a> with us NOW!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6fa0ffa elementor-widget elementor-widget-image\" data-id=\"6fa0ffa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/testv2.zigram.tech\/wp-content\/uploads\/elementor\/thumbs\/7879-scaled-1-qsmynguhygmo1soj4qkgb0uskydxzp3d2rf5wakngk.jpg\" title=\"Tiny people sitting and standing near giant FAQ\" alt=\"Tiny people sitting and standing near giant FAQ isolated flat vector illustration. Cartoon users asking questions and getting answers. Help, instruction and support information concept\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a2f211 elementor-widget elementor-widget-heading\" data-id=\"2a2f211\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions on \nPayment Processor AML Requirements <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1fc5d0b elementor-widget elementor-widget-image-box\" data-id=\"1fc5d0b\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\"> 1. What are the main AML requirements for payment processors? <\/h5><p class=\"elementor-image-box-description\">Payment processors must implement customer due diligence (CDD), ongoing transaction monitoring, sanctions screening, and report suspicious activities through Suspicious Activity Reports (SARs).\n\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-94865b3 elementor-widget elementor-widget-image-box\" data-id=\"94865b3\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">2. Why is customer due diligence (CDD) important for payment processors?<\/h5><p class=\"elementor-image-box-description\">CDD is crucial for verifying the identity of customers, assessing their risk levels, and ensuring that transactions are legitimate to prevent money laundering activities.\n\n\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bbe805 elementor-widget elementor-widget-image-box\" data-id=\"4bbe805\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">3. How do payment processors detect suspicious transactions?<\/h5><p class=\"elementor-image-box-description\">Payment processors use advanced technologies like artificial intelligence (AI) and machine learning (ML) to monitor transaction patterns and identify anomalies indicative of potential money laundering.\n\n\n\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-878a6ef elementor-widget elementor-widget-image-box\" data-id=\"878a6ef\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">4. What is the role of sanctions screening in AML compliance?<\/h5><p class=\"elementor-image-box-description\">Sanctions screening involves checking customers and transactions against global sanctions lists to prevent dealing with prohibited entities and individuals, ensuring compliance with international laws.\n\n\n\n\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d80de0 elementor-widget elementor-widget-image-box\" data-id=\"6d80de0\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h5 class=\"elementor-image-box-title\">5. What are the consequences of non-compliance with AML regulations for payment processors?<\/h5><p class=\"elementor-image-box-description\">Non-compliance can lead to severe penalties, including hefty fines, legal action, and reputational damage, which can significantly impact the business operations of payment processors.\n\n\n\n\n<br><br><\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81cb06a   elementor-widget elementor-widget-text-editor\" data-id=\"81cb06a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>Have more questions? Or looking for AML solutions? Find all your answers in one <a href=\"https:\/\/www.zigram.tech\/contact-us\/\" target=\"_blank\" rel=\"noopener\">click<\/a>! Book a <a href=\"https:\/\/www.zigram.tech\/contact-us\/\" target=\"_blank\" rel=\"noopener\">FREE DEMO<\/a> with us!<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3121bc29 blog-post-item elementor-widget elementor-widget-shortcode\" data-id=\"3121bc29\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">    <div class=\"single_social_share\">\r\n        <div>\r\n            <ul>\r\n                <li>\r\n                    <a class=\"social_link__icon facebook-ic\" href=\"https:\/\/www.facebook.com\/zigram.tech\/\" target=\"_blank\" rel=\"noopener noreferrer\">\r\n                        <i class=\"fab fa-facebook-f\"><\/i>\r\n                    <\/a>\r\n                    <span>Facebook<\/span>\r\n                <\/li>\r\n                <li>\r\n                    <a class=\"social_link__icon twiter-ic\" href=\"https:\/\/twitter.com\/ZigramT\" target=\"_blank\" rel=\"noopener noreferrer\">\r\n                        <i class=\"fa-brands fa-x-twitter\"><\/i>\r\n                    <\/a>    \r\n                    <span>Twitter<\/span>\r\n                <\/li>\r\n                <li>\r\n                    <a class=\"social_link__icon youtube-ic\" href=\"https:\/\/www.youtube.com\/channel\/UC2oc8QlRlYmHS-OxQrrDxAQ\" target=\"_blank\" rel=\"noopener noreferrer\">\r\n                        <i class=\"fa fa-youtube\" aria-hidden=\"true\"><\/i>\r\n                    <\/a>    \r\n                    <span>Youtube<\/span>\r\n                <\/li>\r\n                <li>\r\n                    <a class=\"social_link__icon linkedin-ic\" href=\"https:\/\/www.linkedin.com\/company\/zigram\/\" target=\"_blank\" rel=\"noopener noreferrer\">\r\n                        <i class=\"fab fa-linkedin\"><\/i>\r\n                    <\/a>\r\n                    <span>Linkedin<\/span>\r\n                <\/li>\r\n                <li>\r\n                    <a class=\"social_link__icon mail-ic\" target=\"_blank\" href=\"mailto:contact@zigram.tech\">\r\n                        <i class=\"fas fa-envelope\"><\/i>\r\n                    <\/a>\r\n                    <span>Email<\/span>\r\n                <\/li>\r\n                <li>\r\n                    <a class=\"social_link__icon mail-ic\" target=\"_blank\" href=\"https:\/\/www.instagram.com\/zigram.tech\/\">\r\n                        <i class=\"fa fa-instagram\" aria-hidden=\"true\"><\/i>\r\n                    <\/a>\r\n                    <span>Instagram<\/span>\r\n                <\/li>\r\n                \r\n            <\/ul>\r\n        <\/div>\r\n    <\/div>\r\n    <\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f7a2dd3    elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f7a2dd3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ce0497\" data-id=\"7ce0497\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7f1e45e hashTagcontent elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f1e45e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-630426c\" data-id=\"630426c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a9ef996 elementor-icon-list--layout-inline elementor-widget__width-initial elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"a9ef996\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">#AntiMoneyLaundering<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">#Payment Processors<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">#Compliance<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">#RiskScreening<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c742e34 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c742e34\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7304ad5\" data-id=\"7304ad5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b5204a0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b5204a0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-af50f7f\" data-id=\"af50f7f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Payment Processors are financial intermediaries that facilitate electronic transactions between buyers and sellers while implementing measures to detect and prevent money laundering 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