Recommendations to Promote Alignment and Interoperability Across Data Frameworks Related to Cross-border Payments: Final report

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Recommendations to Promote Alignment and Interoperability Across Data Frameworks Related to Cross-border Payments: Final report

By Financial Stability Board

The report, which incorporates feedback from consultations, addresses critical challenges related to the cost, speed, transparency, and accessibility of international money transfers. It emphasises the need to balance regulatory requirements -- such as anti-money laundering (AML), combating the financing of terrorism (CFT), and data privacy -- while reducing friction in data flow across borders.

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