May 19, 2022
2:30 p.m. – 3:00 p.m. ET
In recent years, payment processors and other financial intermediaries have come under intense scrutiny from regulators, including the Federal Trade Commission, for their relationships with companies engaged in allegedly illegal behavior. The increased regulatory attention facing payment processors, in the form of costly and time-consuming investigations and aggressive enforcement actions, necessitates further examination of payment processors’ obligations to take action to limit the use of financial services for illegal purposes.
Learn about recent regulatory action against payment processors and financial intermediaries over their alleged failures to monitor their customers for signs of fraud or other illegal activity. We’ll also discuss best practices for minimizing potential risk, including the importance of merchant due diligence and ongoing monitoring programs, as well as what to expect if your business learns that a regulator is already knocking on the door. your door.
Len Gordon, Partner and President, Advertising and Marketing Group, Venable LLP
Mary Gardner, Partner, Venable LLP