TimesofMoney turned to LexisNexis® Firco™ Compliance Link, an end-to-end, modular solution that enabled the company to assess new prospects, existing customers, third-party vendors and financial transactions against watchlists mandated by local and global anti-money laundering/counter financing terrorism (AML/CFT) regulators.
The integration between Firco™ Compliance Link and TimesofMoney compliance screening workflow accelerated turnaround time for onboarding new clients and monitoring existing clients. It notably created better efficiencies throughout the entire remittance transaction chain. This integration positioned TimesofMoney to meet expectations of regulators and correspondent banks by demonstrating effective account and payment screening capabilities through Firco Compliance Link
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