How Payment Screening Can Boost AML
As fraud continues to grow, there is an urgent need for reliable ways to monitor payments. Payment screening has appeared as a strong choice to protect payment fraud. It also helps ensure compliance with anti-money laundering (AML) policies.
As technology advances, payment fraud and its various forms are becoming more organized and refined. E-commerce transactions in emerging markets have been responsible for this growth. Merchants are also seeing new threats, including a higher use of AI for attacks.