Kristen Jimenez
December 10, 2024 | Daily Business Review
Compliance in the Peer-to-Peer Payment LandscapeThe swift rise of instant payment platforms such as Venmo and Zelle has revolutionized financial transactions, offering unmatched speed and convenience, but this transformation introduces significant compliance challenges for financial institutions—especially international banks—primarily due to the complexities involved in adhering to anti-money laundering (AML) and economic sanctions in an area where regulatory guidance is sparse or unclear.
By Andres (Andy) Fernandez and Gabriel Caballero Jr. and Kristen Jimenez
4 minute read
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