Add remittance to AML use case.
authorManu Sporny <msporny@digitalbazaar.com>
Mon, 13 Jul 2015 13:19:05 -0400
changeset 294 5b44f45f9900
parent 293 b437d65513b4
child 295 30cceb0ea948
Add remittance to AML use case.
latest/use-cases/index.html
--- a/latest/use-cases/index.html	Mon Jul 13 13:16:41 2015 -0400
+++ b/latest/use-cases/index.html	Mon Jul 13 13:19:05 2015 -0400
@@ -1678,12 +1678,18 @@
               </li>
               <li>
 FasterPay, a payment service provider, notices tens of thousands of small
-transactions flowing from high-risk foreign accounts into a previously dormant 
+transactions flowing from high-risk foreign accounts into a previously dormant
 domestic account and automatically files a Suspicious Activity Report.
               </li>
               <li>
-The Flamingo, a casino, automatically files a Currency Transaction Report 
-when one of its systems detects a customer withdrawing over $10,000 USD 
+Eastern Group, an international remittance system, verifies that both the
+sender and a recipient of an international remittance are not on a watch
+list and have known accounts at the source and destination of funds
+before authorizing the transaction.
+              </li>
+              <li>
+The Flamingo, a casino, automatically files a Currency Transaction Report
+when one of its systems detects a customer withdrawing over $10,000 USD
 in winnings over the course of a day.
               </li>
             </ul>
@@ -1693,7 +1699,7 @@
           <dt>Motivation</dt>
           <dd>
 Financial service providers, and some merchants, are required to adhere to
-Anti-Money Laundering (AML) regulations by reporting suspicious activity 
+Anti-Money Laundering (AML) regulations by reporting suspicious activity
 related to financial transactions or by blocking transactions involving
 known bad actors.
           </dd>