RemitONE Helps Reduce Money Laundering May 29, 2008
RemitONE anti-money laundering and agent control features help to reduce money-laundering. With in-built safeguards that cannot be overridden, RemitONE ensures that all suspect transactions are flagged for checking.
This means that agents cannot be complicit in money-laundering and pass transactions through that should have been blocked. If they do, then HQ will have the transaction automatically flagged.
In addition RemitONE can do OFAC and Bank of England blacklist checking, and can add others on request.
All these features come as standard for the all-inclusive monthly fee so contact RemitONE now and arrange a demo on +44 (0)20 8099 5795.
Related Posts
-
Unlock Faster, More Secure Payments with RemitONE’s Open Banking Solution
We’re excited to introduce the latest enhancement to our RemitONE Money Transfer Platform: the RemitONE Open Banking Solution. Competitively priced…
January 31, 2025 -
How to Expand Your SEND Operations in the UK and Europe—Without the Regulatory Hassle
The remittance market in Europe is valued at €133.7 billion annually, with the UK market contributing an additional £23 billion.
January 31, 2025 -
How Banks Can Reclaim Their Role in Cross-Border Payments with RemitONE
Banks, once the cornerstone of international payments, are finding themselves sidelined. Senders and receivers have now joined forces, pushing banks…
December 18, 2024 -
We’re Attending CrossTech World 2024 | 19-21 November 2024
We’re excited to announce that the RemitONE team will be heading to Miami, USA, for the upcoming CrossTech World 2024…
November 12, 2024 -
RemitONE and Stanbic Bank Partner to Accelerate Cross-Border Payments across Africa
September 2024: RemitONE, a global leader in cross-border payment technology solutions, is pleased to announce a strategic partnership with Stanbic…
September 30, 2024 -
Bank of Ceylon (UK) Limited and RemitONE Join Forces to Revolutionise UK-Sri Lanka Cross-Border Payments
September 2024: Bank of Ceylon (UK) Limited, a fully owned subsidiary of Bank of Ceylon Sri Lanka has prudently partnered…
September 3, 2024