the AffirmX blog

Spring Cleaning: A Refresher on 2016 Regulation Adjustments

We've plowed right in to 2016 and groundhog day has come and gone. Everyone's favorite Punxsutawney Phil luckily did not see his shadow, predicting an early thaw. However, the compliance new year brought about minor new regulatory changes; changes that could be casting their own shadow on your institution's regulatory efforts. A quick review will help us all [...]

By |2010-02-08T14:41:04-05:00February 8th, 2010|Blog|Comments Off on Spring Cleaning: A Refresher on 2016 Regulation Adjustments

CIP Requirements for Prepaid Cards: Keeping Up with the Bad Guys

As financial institutions become ever more vigilant in monitoring for suspicious activity, it seems that criminals find ever more inventive ways to launder money and commit financial crimes. One of the more recent tactics involves using “dirty” money to purchase prepaid cards that can then be used by, sold by, or transferred to other parties. As a [...]

By |2000-07-06T15:55:06-04:00July 6th, 2000|Compliance Tips|Comments Off on CIP Requirements for Prepaid Cards: Keeping Up with the Bad Guys