Remove AML Remove Travel Rule Remove Wire Transfer
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OpusDatum launches new WTR Knowledge Hub to transform global compliance landscape

The Payments Association

Introduced in May 2025, this pioneering platform marks a significant advancement in helping financial institutions and fintech firms navigate the complex regulatory environment surrounding international wire transfers.

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In the age of crypto, is FATF playing catch-up on Recommendation 16?

The Payments Association

As crypto reshapes finance, the FATF’s Travel Rule struggles to keep pacecan global regulators close the gap on illicit transactions? The Financial Action Task Force (FATF) has long been the global standard-setter for AML and CTF measures. Among its 40 Recommendations, Recommendation 16 (R.16) In 2019, the FATF extended R.16

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Why payment transparency is critical to the future of correspondent banking

The Payments Association

As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. This remains the global benchmark for wire transfer transparency. Inadequate oversight of wire transfer data played a significant role in the enforcement action.