EU outlines sanctions requirements for new rules to speed up money transfers

12 February 2024

EU outlines sanctions requirements for new rules to speed up money transfersDesignRage_Shutterstock

The EU Parliament has adopted a regulation to ensure that payment service providers (PSPs) process money transfers immediately. During the execution of an instant credit transfer, the payer’s PSP shall not verify whether the...

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor...

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