Cross-border payment services provider PayCommerce has joined forces with Dow Jones Risk & Compliance to strengthen and expand its risk and compliance sanctions screening.

The partnership will provide banks, financial services institutions and corporates with risk screening solution for effective Anti-Money Laundering, Know Your Customer and Counter-Terrorist Financing compliance.

PayCommerce customers and members will also benefit from increased country coverage.

PayCommerce CEO Max Narro said: “As the global need for enhanced compliance and sanctions screening intensifies, PayCommerce is committed to providing its customers and members with best-in-class integrated risk and compliance solutions.

“We want to ensure they can efficiently manage the global demands of their cross-border business with confidence. Global banks, financial institutions and corporates trust PayCommerce for a scalable, secure, transparent, cost-effective, and instant cross-border payment solution.”

Dow Jones Risk & Compliance managing director Joel Lange said: “The payments landscape is evolving and transforming, adding greater pressure to provide efficient transaction solutions that are fully compliant with regulations.

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“We are pleased to empower PayCommerce’s customers and members with Dow Jones’ world-class risk and compliance data to help them meet these regulatory needs.”