Payscout Chief Financial Officer Dan Gardner is now a Certified Anti-Money Laundering Specialist (CAMS) after successfully completing his certification with the Association of Certified Anti-Money Laundering Specialists (ACAMS).The ACAMS is the largest international membership organization dedicated to enhancing the knowledge and expertise of financial crime detection and prevention professionals, from a wide range of industries, in both the public and private sectors.The CAMS certification is the global gold standard in anti-money laundering (AML) certifications.The certification places Gardner among an esteemed international group, which includes members of financial institutions, regulators, NGOs, and more, who are involved in the flow of money and the controls related to tracking and reporting activity.As a voluntary undertaking, the successful completion of the CAMS certification process demonstrates not only a commitment to Payscout’s core Cultural Attributes of Integrity/Trust, but also a broader movement in the financial services industry to create a “culture of compliance.”Payscout, a leading global in payment processing provider operating on six continents, recently received its Financial Institution (FI) License in the EU and is now a regulated entity. For the Chief Financial Officer to voluntarily obtain a CAMS certification suggests Payscout is intent upon acting with the utmost Integrity, both as an FI in the EU, and more broadly as the thought-leading global payment processing provider in the world.
To account for changes in technology, cyber security, and legal policies, compliance in the collections space is constantly evolving. Collection agencies, like many businesses, rely on a network of technology vendors and systems providers to manage their operations.
One of the most important factors to consider when selecting a payment processor is the banks they are accredited and partnered with. Finding the right payment partner is one thing; making sure it aligns with your business risk and needs is another battle.