Cascade FinTech

What can Happen to Non-Compliant Card programs?

The scale of financial crime continuously grows, with criminals’ becoming more sophisticated in their methods to launder the proceeds of crime. With this in mind, it is critical to understand what happens to non-compliant payment or card programs. To start, companies can get fined or penalized for not following compliant guidelines. This can occur if …

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Why a Compliance Team Should Manage Your KYC Process

No one starts a card program thinking they could go to jail if they do not adequately monitor their customers. Unfortunately, that is precisely what can happen to those who do not take the Know Your Customer (“KYC”) process VERY seriously. An experienced compliance team is crucial to handle all of the KYC processes that …

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