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Wolfsberg Group Response to FATF's Amendments to Payment Transparency

26 April 2024
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Wolfsberg Group Response to FATF's Amendments to Payment Transparency

The Wolfsberg Group published its response to the drafted FATF amendments to Recommendation 16, on payment transparency.

The response presents the Group’s views on:

  • Applicability of the Recommendation on payment types;
  • Fragmentation of payment chains; and
  • Management of fraud risks.

Firms can view the Group’s response to the now-closed consultation in advance of potential forthcoming changes to the FATF Recommendation.
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