Rapid change driven by regulation and market initiatives is sweeping through the payment industry. These include: - Target2 - the new pan-European real time gross settlement system (RTGS)
- SEPA - the Single Euro Payment Area
- Faster Payments - near real time direct credit payments in the UK
- PSD - the implementation of the payment service directive.
At the same time the tolerance for compliance failures in screening payments against sanction lists such as those published by OFAC is evaporating. Our payment experts can rapidly help you better understand the risks you face across end-to-end payment processes and develop robust governance structures and operational controls to minimise those risks.
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