As of 1 June 2024, important changes to wire transfers are now in force. If your business engages in wire transfers, it’s essential to understand these updates. Download the latest guidance here to ensure your compliance processes are up to date. Acting quickly will help you stay compliant.

Here’s what you need to do:

• Read and understand the changes.
• Amend your AML/CFT Programme to reflect the changes.
• Train all those involved with wire transfers.
• Amend customer instructions and forms to reflect the changes.
• Amend your obligation register and compliance assurance programme to reflect the changes.
  

If you need assistance implementing these changes, we’re here to help. Contact us today for expert support on updating your AML/CFT Programme and training your team.