[Webinar] Payment Processors in the Regulatory Crosshairs: Updates on Regulatory Scrutiny and Best Practices for Compliance

May 19th, 2:30 pm - 3:00 pm ET
Venable LLP
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Venable LLP

May 19th, 2022
2:30 PM - 3:00 PM ET

In recent years, payment processors and other financial intermediaries have faced heightened scrutiny from regulatory agencies, including the Federal Trade Commission, for their relationships with companies engaged in allegedly unlawful conduct. The increased regulatory attention payment processors face, in the form of expensive and time-consuming investigations and aggressive enforcement actions, necessitates a closer look at payment processors’ obligations to take steps to limit the use of financial services for illegal purposes.

Learn about recent regulatory action against payment processors and financial intermediaries regarding their alleged failures to monitor their customers for signs of fraud or other illegal activity. We will also discuss best practices to minimize potential risk, including the importance of merchant due diligence and ongoing monitoring programs, as well as what to expect if your company learns that a regulator is already knocking on your door.

Speakers

Len Gordon, Partner and Chair, Advertising and Marketing Group, Venable LLP

Mary Gardner, Partner, Venable LLP

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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