GDPR? We've got you covered!

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General Data Protection Regulations (GDPR) comes into force in May 2018 and at Bottomline we want to ensure all our customers receive first level security tools as standard, so we are making enhancements to the core PT-X platform.

Multi-Factor Authentication (MFA) is an extra layer of protection on top of your username and password and is a key element of GDPR. MFA is to become part of the standard PT-X solution meaning all users will be required to enable MFA by 31st May 2018.

What do I need to do?

Set up MFA for all users via simple key-fob tokens or the PT-X authenticator app (iOS and Android).

We understand that not everyone has a work smartphone, so we recommend the key-fob tokens in all businesses. For more information or to purchase key-fob tokens, please contact us, using the form or call us directly at 0118 925 8250 and select option 1.

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.

Speaker: John Smith

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.

Speaker: John Smith

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.

Speaker: John Smith

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.