A Guide to Financial Crime and SEPA Instant Payments

The drive for innovation is changing the payments landscape in Europe. It is anticipated that there will be 63.8 million open banking users in Europe by the end of 2024, with the move to SEPA instant payments anticipated to be a significant driver of this shift.

But despite the benefits, this move creates challenges, such as stopping fraud, sanctions breaches, and money laundering in real-time or clawing back funds.

The incoming SEPA Instant mandate addresses some of these complications. Firms must understand when and how to implement these changes to protect consumers in real-time and meet the obligations set out in the regulations.

This report is an essential guide for European compliance officers operating in the SEPA region. Download your copy to explore how to:

Build SEPA-compliant customer screening processes capable of accounting for sudden sanctions changes.
Deliver flexible screening so compliance can be a growth driver, not a regulatory burden.
Align customer screening practices with your wider risk-based approach, ensuring measures are proportionate and effective.

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Disclaimer: This is for general information only. The information presented does not constitute legal advice. ComplyAdvantage accepts no responsibility for any information contained herein and disclaims and excludes any liability in respect of the contents or for action taken based on this information.