FATF opens consultation on strengthened payment-transparency standards
FATF opened a public consultation on new guidance supporting its strengthened Recommendation 16 standards on payment transparency, agreed in June 2025, which require more information to accompany cross-border payments and tools to protect against fraud and error. Countries are expected to implement the changes by the end of 2030.
Recommendation 16 is the global AML/CFT baseline for what information must travel with a cross-border payment; this consultation will shape how banks and PSPs worldwide implement payment-transparency and fraud-prevention requirements over the coming years.
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