Summary: | The FDIC is issuing the attached guidance that describes potential risks associated with relationships with entities that process payments for telemarketers and other merchant clients. These types of relationships pose a higher risk and require additional due diligence and close monitoring. This guidance outlines risk management principles for this type of higher-risk activity. |
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Additional Related Topics:
- Risk Management
- FDIC Guidance for Managing Third-Party Risk (FIL 44-2008, June 2008)
- FFIEC Handbook on Retail Payment Systems (March 2004)
- FFIEC Handbook on Outsourcing Technology Services (June 2004)
- FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual