The Importance of SIC Codes for Credit Card Payment Processing

Published March 12, 2021 19 Views

While it may come as a surprise to many business owners and entrepreneurs, SIC codes are important for more than just target marketing and sales tracking. In a world that’s gone almost completely digital, credit card transactions and online payment processing accounts for a staggering volume o...

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Customer Due Diligence Requirements for Financial Institutions

Published March 28, 2018 682 Views

FinCEN is issuing final rules under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements for: Banks; brokers or dealers in securities; mutual funds; and futures commission merchants and introducing brokers in commodities. The rules contain explicit customer due diligenc...

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