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.

“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.”