Bitcoin and stablecoins are "unlikely" to be the "holy grail" of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.
August 5, 2022The growing use of APIs and the adoption of ISO 20022 have opened up new possibilities for facilitating payment system interlinking, CPMI says.
July 12, 2022The FATF also commends the UK for progress made to expand its FIU's ability to conduct operational analysis.
June 15, 2022Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
May 28, 2022The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.
March 16, 2022Three key parts of HSBC’s automated transaction monitoring systems showed "serious weaknesses" between March 2010 to March 2018.
December 20, 2021Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.
December 15, 2021Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.
December 14, 2021Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.
December 13, 2021Mayer Brown's Susanne Harris, Wei Na Sim, Alan Linning and Charlene Wong discuss key developments in the AML/CFT space in Hong Kong in 2021.
November 23, 2021