Banks Still Liable Despite ‘Choke Point’ Closure

Operation Choke Point has been ended by the Trump administration, but legal experts are doubtful its absence will ease compliance obligations on banks and payment processors.

The program mandated a greater focus on financial activities associated with companies in sectors determined to be at a higher risk of fraud and money laundering, including credit repair services, payday lenders and certain money transfer networks.

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial