The global shift to digital banking and international
payment processing has introduced new forms of financial crime and
corruption. International regulations, laws, and monitoring
authorities are evolving to strengthen protection for individuals,
companies, and the world's economies from money laundering,
fraud, financial crime, bribery, and the financing of terrorism.
Recent geopolitical developments have further elevated compliance
requirements, including those around dealings with sanctioned
regimes.
What Regulations Mean for IP Payments
Legal teams work hard to ensure financial transactions comply
with international payment, money-laundering, and sanctions
regulations. However, until relatively recently, payments to
providers of IP services, such patent renewals, did not receive the same
levels of scrutiny.
