Cross-border finance

FinCEN issues an alert warning financial institutions about cross-border transfers linked to the smuggling and exploitation of illegal migrants

by AdrianaAMLP | Nov 28, 2025

The alert highlights financial patterns tied to human-smuggling operations — including rapid small-value transfers, funnel accounts, structuring, and transactions involving high-risk corridors in Latin America — and provides red-flag indicators to help institutions...

UK PSR decides not to proceed with an interim cap on UK-EEA cross-border interchange fees, citing the need stronger data and analysis to protect transparency and integrity in payment systems

by AdrianaAMLP | Oct 10, 2025

The decision highlights the PSR’s cautious approach to regulatory intervention, aiming to prevent distortions in cross-border payment flows that could obscure transaction data or complicate oversight. It also reinforces the importance of developing a sound evidence...

FinCEN publishes new guidance clarifying that banks may share cross-border transaction and customer information to strengthen AML/CFT efforts while keeping SARs strictly confidential

by AdrianaAMLP | Sep 23, 2025

The guidance emphasizes that financial institutions may voluntarily exchange underlying factual and transactional data with foreign counterparts, provided such sharing does not reveal the existence of a SAR. It underscores that this discretion must be exercised in...

CBUAE signs MoU with China’s CIPS to modernise payments, boost cross-border cooperation, accelerate transactions, and reduce fraud, sanctions breaches, and illicit finance risks

by Jyotsna Bucktowar | Jun 19, 2025

This move aims to strengthen financial ties between the UAE and China and facilitate smoother, more cost-effective payments. However, as the volume and complexity of RMB transactions grow, so do the challenges associated with monitoring and preventing financial crimes...

FATF’s revised R.16 clarifies roles, standardises data for transfers above USD/EUR 1,000, and requires technology to detect fraud and errors in cross-border payments

by AdrianaAMLP | Jun 18, 2025

The FATF has amended Recommendation 16 to clarify responsibilities across the payment chain, standardise required payer and payee information for cross-border transfers over USD/EUR 1,000, and mandate tools to prevent fraud and error. These changes aim to enhance...

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FinCEN issues an alert warning financial institutions about cross-border transfers linked to the smuggling and exploitation of illegal migrants

UK PSR decides not to proceed with an interim cap on UK-EEA cross-border interchange fees, citing the need stronger data and analysis to protect transparency and integrity in payment systems

FinCEN publishes new guidance clarifying that banks may share cross-border transaction and customer information to strengthen AML/CFT efforts while keeping SARs strictly confidential

CBUAE signs MoU with China’s CIPS to modernise payments, boost cross-border cooperation, accelerate transactions, and reduce fraud, sanctions breaches, and illicit finance risks

FATF’s revised R.16 clarifies roles, standardises data for transfers above USD/EUR 1,000, and requires technology to detect fraud and errors in cross-border payments

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