Cross-Border Settlement, Due Diligence and Money Laundering

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Cross-Border Settlement

Due Diligence

Money Laundering

The Fed’s crypto pivot: Unlocking banking access and its impact on payments

The Payments Association

MARCH 18, 2025

Crypto and digital asset firms have long faced difficulties in securing stable banking relationships, largely due to ongoing regulatory uncertainty. Many banks have been hesitant to engage with these businesses, citing concerns over compliance burdens, anti-money laundering (AML) obligations, and the inherent volatility of digital assets.

Federal Reserve

Federal Reserve Stablecoins Fed Settlement

Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation

The Payments Association

MAY 14, 2025

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.

Cross-Border Payments

Cross-Border Payments Correspondent Bank Cross-Border Correspondent

Payments Space

The Fed’s crypto pivot: Unlocking banking access and its impact on payments

Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation

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