The EU Instant Payment Regulation - what it means for your institution

Money in Europe is now moving faster than ever, which means financial institutions need to follow a new set of rules to stay compliant with AML and sanctions. 

With the EU’s new Instant Payments Regulation (IPR) in place, banks and other payment service providers (PSP) must process euro payments within 10 seconds. 

In sanctions screening, institutions must not only screen their entire customer base at least daily, but also upon changes in the EU’s targeted financial restrictive measures.

For customers, the benefits are clear. For financial institutions, this brings operational and compliance challenges, especially when it comes to preventing financial crime at speed.

So, in light of these changes, how can companies keep up with sanctions compliance up to date?

To answer this question, we've prepared a guide that explains how you can stay compliant with changes to sanctions screening and other AML processes.

Download the guide to learn:

• What the IPR requires from financial institutions
• How instant payments impact sanctions screening and customer monitoring
• Key steps to strengthen your AML processes without slowing operations
• What efficient, up-to-date compliance looks like under the new timelines

If you’re responsible for compliance, payments, or risk management, this guide helps you understand what needs your attention now and how to prepare your organisation for the shift to instant payments.

Download the guide by filling out the form above.

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Obs: This guide is provided for general information only and does not constitute legal advice.