In the financial services industry, money laundering, terrorist financing and sanctions regulations require financial institutions( FIs) to implement governance frameworks for managing risks, accountability and public trust. Effective compliance programs are tailored to FIs’ unique risk profiles and other factors, including regulatory requirements, products and services, client base, geographies and delivery channels. In managing risks, FIs risk rate verticals, at times excluding entire industries, e. g., gambling, marijuana and charities. Within the payment ecosystem 1 for example, dating services( aka matching services) are generally classified as high or very-high risk, or prohibited altogether. Yet the services are legal, profitable and in increasing demand. 2
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