Since 9/11 no aspect of international finance has garnered more
interest and regulatory oversight than remittances. This has
obvious implications with the myriad of money transfer business’ (MTB’s)
operating today. Most MTB’s have minimal safeguards in
place allowing for porous control over know your customer (KYC)
and various other obligatory acts and regulations. These MTB’s
will imminently face harsh scrutiny from federal and state officials
as enforcement increases.
The aKos Mobile Remittance Gateway addresses each of these acts
as well as complies with all governing bodies’ acts and regulations
regarding remittances. aKos’ technology was designed from
the ground up with the utmost security and regulatory compliance
in mind. In fact, aKos has raised the bar in its compliance methodologies.
This focus on security is a major differentiating factor for
aKos in the marketplace. As the regulatory bodies look to address
market more rigorously, enforcement will become more aggressive.
The aKos advantage on security and compliance is due to our unique
system architecture in the US as well as our foreign financial
partners’ direct relationships with merchants.
aKos provides complete state, federal and international regulatory