Introduction

The Counterparties section provides comprehensive tools for managing all beneficiaries and payment recipients within LYNKS, enabling users to create, edit, approve, and organize counterparty information for secure and compliant payment processing. This section consolidates counterparty management functionality and compliance-based account blocking into dedicated interfaces.

Managing counterparties effectively ensures accurate payment execution, maintains compliance with organizational policies, and prevents payments to unauthorized or blocked accounts through integrated verification and blacklist enforcement mechanisms.