What Is PEP & Sanctions Screening for Payment Providers?

iGaming operators process high volumes of deposits from players who demand instant account funding. Why do fraud rings target iGaming? Because stolen cards provide high liquidity. Fraudsters use stolen cards to fund accounts (carded deposits), play minimal rounds, and attempt to withdraw "clean" funds before the cardholder notices. Anti-fraud software must run at deposit velocity, because once a withdrawal clears, lost funds are unrecoverable when a chargeback arrives weeks later.

Crypto platforms and fiat on-ramps accept card payments at one of the highest risk points in digital finance. Why is card fraud on a crypto platform exponentially more dangerous than in traditional e-commerce? In e-commerce, a fraudulent shipment can sometimes be stopped or returned. In crypto, a stolen card buys cryptocurrency that is transferred on-chain within minutes. The transaction is irreversible, meaning the platform absorbs 100% of the chargeback loss if the fraud isn't caught at authorization.

A bank's card portfolio is the fastest-moving part of its exposure — thousands of debit and credit card authorizations a minute, each requiring an immediate pass/fail decision before settlement. Traditional post-transaction AML batch checks are insufficient at the authorization layer: once a card-not-present (CNP) authorization goes through, the loss or chargeback liability is created. Banks need specialized card anti-fraud software to act as an inline gatekeeper, preventing credit card fraud and debit card fraud before settlement and long before a manual credit card fraud investigation is triggered.