Remove Cross-Border Settlement Remove Distributed Ledger Technology (DLT) Remove Money Laundering
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Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation

The Payments Association

Other persistent obstacles include inconsistent anti-money laundering (AML) rules and sanctions regimes across jurisdictions, which generate conflicting alerts and limit the scope for automation. Misaligned operating hours between central infrastructures further complicate matters, trapping liquidity and delaying settlement.