Simplification of internal money laundering prevention through a new function in bezahl.de

larissamarschewski
May 4, 2022
2 min read

Money laundering prevention has become an important issue for the automotive trade in recent years. The number of controls by the supervisory authorities is constantly increasing, which means that more and more cases are becoming public in which violations have been punished with high penalties. In response to market demand, the Cologne-based fintech start-up bezahl.de has developed a new additional function for the intelligent payment platform that makes it much easier for car dealerships to comply with their money laundering due diligence obligations.

Simplified money laundering check process with bezahl.de

Carrying out measures to prevent money laundering is associated with considerable manual effort for car dealers. In order to rule out any suspicion of money laundering and terrorist financing, transactions - not just cash payments - must be checked for their origin and legality. bezahl.de has therefore developed a new function to simplify this tedious process for car dealers: Automated Debtor Matching (ADM for short).

ADM supports car dealers by largely digitizing the plausibility check for each transaction. With an automated comparison of the name and country of origin of the purchase contract partner and payment sender, bezahl.de creates maximum transparency and even points out possible deviations. This automated comparison saves the manual comparison to create transparency and the associated considerable administrative effort. As a result, car dealers concentrate on incoming money where there is reasonable suspicion and thus greatly improve their own money laundering prevention processes.

Added value of the automated process

Automated comparison of purchase contract partner and payment sender
Focus on conspicuous transactions
Digitization of internal processes

If you would like to optimize your internal money laundering prevention processes with bezahl.de or are interested in a presentation of the innovative platform for digital payment management, the bezahl.de team is always available for you.

Info: bezahl.de does not assume any legal obligation for the car dealership with ADM, but only creates maximum transparency at a glance.