Financial Crime Financial Crime

Banks must offer round-the-clock instant payments and beef up sanctions checks, new EU rules say

By Kathryn Carlson
  • 24 Oct 2022 13:08
  • 24 Oct 2022 13:08
Banks and other payment service providers will face a series of new EU rules governing instant payments in European Commission draft legislation seen by MLex.

Firms will be required to offer instant payment services in euros, verify payees' identities, check customers are not subject to EU sanctions, and not charge more for

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments


Latest News