Wolfsberg Group response to FATF’s amendments to payment transparency

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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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