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End User

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

FEBRUARY 10, 2025

Andrew Doukanaris Ambassador, The Payments Association While vIBANs have positive use cases, challenges exist in limited monitoring of the end user, alignment with the PSPs risk appetite, and the lack of a consistent framework to mitigate financial crime and regulatory risks. This leads to inadequate due diligence.

IBAN

IBAN AML Master Account Due Diligence

Saxo Launches IBAN Service For Global Payments

PYMNTS

FEBRUARY 15, 2017

14) reports, Saxo is rolling out its Banking Circle Virtual IBAN solution, a way for the financial services within Saxo’s Banking Circle to provide virtual IBANs (International Bank Account Numbers) to their own clients. Saxo’s clients set up a master account linked to the Banking Circle platform, then issue a master IBAN.

IBAN

IBAN Global Payments Cross-Border Cross-Border Payments

Payments Space

Navigating AML obligations in the age of virtual IBANs

Saxo Launches IBAN Service For Global Payments

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