The service will use UTIs to enable automated tracking of both sides of the transaction by all market participants involved.
October 3, 2022High-level harmonisation requirements for cross-border payments will take effect in 2025, and be adopted by all existing usage guidelines.
September 12, 2022Russia is now in third place on a list of non-mainland jurisdictions using the yuan for global payments, after Hong Kong and the UK.
September 6, 2022SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.
September 2, 2022The proposed amendments will enable reporting entities to submit IFTIs using the ISO 20022 message format.
July 29, 2022AUSTRAC has commenced development of a new CRM platform which will enable it develop enhanced self-service capabilities in AUSTRAC Online.
July 6, 2022ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.
July 4, 2022Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.
June 22, 2022The new regime will increase the reportable data elements, the number of reporting entities, and make event-based reporting to a trade repository mandatory.
June 17, 2022Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.
June 15, 2022