In accordance with AML regulations, financial institutions are obliged to control their clients' remittance and payment transactions. Criminals can commit crimes such as money transfer, money laundering, terrorist financing, corruption, and bribery. Sanction Scanner helps financial institutions control customer transactions without delay.
Ist-pay is a money transfer agency licensed by the Banking Regulation and Supervision Agency established in 2016. Ist-pay provides domestic and international money transfer services with 369,000 payment points in 149 countries. Ist-pay provides money transfer services anywhere in the world with its reliable, fast, and technological infrastructure, a widespread network of representatives, and economic commission rates.
About the Case Study
This case study contains information about the payment and transaction screening processes of Ist-pay, a money transfer company. Ist-pay has strengthened the process screening process with Sanction Scanner and fulfilled his AML obligations. You can review the case study from the link below.
"With Sanction Scanner, we can scan the receiver and sender in current sanction and PEP data in seconds. With the API, we perform the entire control process automatically without delaying customer transactions."
Cansu Atalay / Head of Compliance at Ist Pay