BIS has published its final paper on the role of banks in cross-border payment transfers. The paper concentrates on due diligence and transparency in payment cover messages. It looks at responsibilities of banks and supervisors and issues such as AML and data protection.
- How-to guide How-to guide: How to comply with due diligence requirements for financial institutions determined to be of primary money laundering concern (USA)
- How-to guide How-to guide: How to monitor Bank Secrecy Act (BSA) compliance (USA)
- How-to guide How-to guide: How to ensure sanctions screening and sanctions due diligence is effective (USA)