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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Navigating AML obligations in the age of virtual IBANs February 10 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. Why is it important? What’s next? Previous slide Next slide What are vIBANs?

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CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

The Fintech Times

Enhancing security Some of these services are the Check IBAN, Name Check CBI and CBI Safe Trade, all designed to combat frauds and deliver greater security.Moreover, these solutions are fully in line with the Sustainable Development Goals (SDGs) identified by the United Nations 2030 Agenda.

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Natalie Lewis Partner, Travers Smith The guidance sets out the six principles to consider (top-level commitment, risk assessment, proportionate risk-based prevention procedures, due diligence, communication and training, monitoring and review), along with best practice examples.

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CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

Fintech Finance

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

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What Is a Routing Number?

EBizCharge

This article will explore what routing numbers are, how they work, and best practices for using them. How do routing numbers differ between SWIFT and IBAN methods? SWIFT codes and IBANS are essential for international payments. What is a routing number? that conduct transactions.

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Money20/20: Building a net zero bank

Finextra

Zero Fintech provides a “bank-like experience without actually being a bank”, according to Theodossiades, thanks to significant collaborations in issuance, underlying IBAN accounts, KYC liquidity, transaction monitoring, reconciliation, card manufacturing, open banking activities, and more.

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International Accounts Payable: Strategies for Global Financial Management

Nanonets

  This guide delves into the best practices of managing international accounts payables, from traditional payment methods to automation solutions. We explore the key factors that businesses must consider to ensure efficient, secure, and cost-effective international payment processing.