Financial Institutions Are Rethinking Controls to Ensure Frictionless Transactions. When the Federal Reserve lifted FedNow’s transaction limit from $1 million to $10 million last November, the regulatory change transformed instant payments from a retail convenience to a corporate treasury rail. AML decisions on high-value instant wire transfers must now be made in real time.
First seen on govinfosecurity.com
Jump to article: www.govinfosecurity.com/reengineering-aml-in-era-instant-payments-a-31323
