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QUESTION

What is Policy Enforcement?

ANSWER

Policy Enforcement helps money exchange businesses to conduct their own risk assessment. It allows businesses to develop their own set of rules and implement risk scoring based on individual risk factors when it comes to transactions and customers. With a risk scoring system in place, customer transactions can be categorised into low, medium and high risk categories and specific enforcement actions can be mandated through the system to add an additional layer of compliance and security to all your currency exchange operations. The Policy Enforcement was developed to be fully flexible and highly customisable to meet the most stringent compliance requirements, as well as to help conduct basic due diligence if that is all that is required by businesses.

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