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Risk & Compliance Study Guide

Last Updated: 2025-02-17 Status: Complete

Use this study guide to systematically master risk and compliance concepts for payment platforms.

Quick Reference​

ResourcePurpose
TopicsComprehensive checklist of concepts to learn
Questions41 self-assessment questions
ResourcesCurated reading materials

How to Use This Guide​

Step 1: Review the Topics​

Start with the Topics page to understand what you need to learn. Use it as a checklist to track your progress through:

  • Chargeback fundamentals and reason codes
  • Fraud patterns and prevention tools
  • Network monitoring programs (VAMP, ECP, EFM)
  • PCI-DSS requirements and scope management
  • AML/BSA compliance
  • Incident response procedures

Step 2: Study the Content​

Work through each section of the Risk & Compliance module:

Step 3: Test Yourself​

Use the Questions page to validate your understanding. Questions cover:

  • Chargeback management (Questions 1-5, 21, 24)
  • Fraud prevention (Questions 6-10, 25)
  • Monitoring programs (Questions 27-36)
  • PCI-DSS (Questions 11-16, 23, 26)
  • AML/BSA (Questions 17-20, 22)
  • Incident response (Questions 37-41)

Step 4: Deep Dive with Resources​

Use the Resources page to explore primary sources:

  • Card network documentation (Visa, Mastercard)
  • PCI Security Standards Council
  • FinCEN and FFIEC guidance
  • Industry publications and tools

Completion Checklist​

After completing this module, you should be able to:

  • Navigate a chargeback from receipt through arbitration
  • Calculate and manage chargeback ratios
  • Identify reason codes and evidence requirements
  • Design a transaction monitoring system
  • Explain VAMP, ECP, EFM program thresholds
  • Describe 3DS2 and liability shift
  • Explain PCI-DSS scope and reduce it architecturally
  • Identify SAR-triggering patterns
  • Describe the three stages of money laundering
  • Execute breach notification within required timelines

Section Contents​

  • Topics - Comprehensive topic checklist
  • Questions - 41 self-assessment questions
  • Resources - Reading materials and references
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