Aggregated News From Investment Management Regulators

Survey On Enhancing Cross Border Payments


Please complete the required fields.

FATF welcomes your contribution to the online questionnaire on enhancing cross-border payments.

Faster, cheaper and more inclusive cross-border payment services could have widespread benefits for people and economies worldwide. They would help support economic growth, international trade and global development. That is why the enhancement of cross-border payments, with a focus on safety and security, is a key priority of the G20, the FATF, and other international organisations.

Cross-border payment services face a number of challenges, including high costs, limited access, low speed and insufficient transparency, which the G20 Cross-Border Payments Roadmap seeks to address. Varying national anti-money laundering and counter-terrorist financing measures, which may or may not be linked to FATF Standards, do not always help the situation. Identifying what works well and what needs to be improved is a key part to finding a solution.

In collaboration with the Basel Committee on Banking Supervision, the FATF has developed an online questionnaire to seek feedback from the private sector about these challenges and how to address them, without compromising anti-money laundering and counter-terrorist financing safeguards. This includes banks, payment service providers, Fintech companies, money or value transfer services providers, and other stakeholders.

We welcome your contribution to the questionnaire here. Please note that the deadline for your comments is 15 January 2021.

Source link

Regulator Information

Recent Articles

2022 Annual Report — GFSC

The Commission has today published its Read more

Royal Investment Consortium (the scam entity)

Royal Investment Consortium (the scam entity) Public Statement Royal Investment Consortium (the scam entity) www.royalinvestmentconsortium (the website) [email protected] (the email address) Issued: 31 May 2023 Banking Business (Jersey) Law...

The AMF Ombudsman publishes her 2022 Annual Report

Record number of cases processed and recommendations The number of case referrals to the AMF Ombudsman, which had surged by 33% in 2021, remained practically stable last year, at 1,900 requests, i.e.

Hopkins Money (Clone of FCA authorised firm)

Fraudsters copy the details of firms we authorise to try and convince people that their firm is genuine. Find out why you shouldn’t deal...

Get the latest from Regulatory.News in your inbox!