Mission Compliance - Customer Due Diligence for Payment Professionals - E-book - ePub

The growth of eCommerce has always been shadowed by an equal growth in fraud threatening the payments ecosystem. Today's fraud schemes are complex and organised by professionals. That means we, the people on the other side, the underwriters, risk analysts, and other payment professionals, need to be one step ahead. In Mission Compliance, we intend to show you some often underappreciated ways of finding evidence for fraudulent merchant accounts using common website analysis tools.
After giving you a primer on the persistent problem of transaction laundering, we offer guides on how to deal with 17 different MCCs, before showcasing some investigation techniques with the help of two real-life case studies. While primarily written for underwriters from underwriters, everyone in payments who is dealing with merchant accounts will benefit from the information in this book.