Webinar: How to streamline your Direct Debit collection processes

Join us for the final installment in the cash collections webinar series where we’ll be focusing on Direct Debit collections. We’ll explore how to improve your Direct Debit (DD) collection processes to save you time and money. You’ll also find out about new regulations and scheme compliance rules that will directly affect your cash collection processes.

We’ll be covering:

• How to become more efficient with your DD collections
  
• New regulations and how they affect you
  
• Overcoming common issues with DD collections
  
• Tips on compliance best practice
  
• Case study examples
  

Register your place today!

Presenters:

Combating money laundering can be costly, complicated, and prone to error. It requires that organizations perform appropriate due diligence, including screening financial transactions for suspicious activity, and checking customers against global sanctions lists. High risk customers must be monitored with an additional level of scrutiny. If not done or done incorrectly, organizations are left at risk.

Combating money laundering can be costly, complicated, and prone to error. It requires that organizations perform appropriate due diligence, including screening financial transactions for suspicious activity, and checking customers against global sanctions lists. High risk customers must be monitored with an additional level of scrutiny. If not done or done incorrectly, organizations are left at risk.

Combat money laundering and financing of terrorism by monitoring financial transactions for suspicious activity. Track activity across multiple accounts for the same entity, match against imported lists (OFAC, FATF, NCCT, PEP, etc.), and use pre-configured rules to generate alerts required to comply with AML/CFT regulations.

Functionality

• Structuring – a customer who attempts to hide the size of reportable cash transactions by breaking them into multiple, smaller transactions.
• Suspicious currency-related transactions.
• Potential Money Service business activity.
• Major changes in customer behavior compared to previous patterns.
• Link analysis to find a group of customers and accounts with suspicious relationships and/or transactions.