AML Compliance

ISO 20022 Payments Standard Deadline Approaching

SWIFT has issued a notice reminding financial institutions that the ISO 20022 standard for cross-border payments will become mandatory on November 22, 2025, ending the coexistence period with older MT formats. Institutions must complete their migration and testing to avoid disruptions and potential charges.

Non-Maturity Deposit Stability and Depositor Outflows Literature Review

The Bank for International Settlements (BIS) published a working paper reviewing literature on non-maturity deposit stability and depositor outflows. The paper examines whether recent banking turmoil indicates changes in deposit behavior due to technological, competitive, or regulatory shifts, concluding that while changes may have affected stability, traditional factors remain significant drivers.

BCBS 239 Principles for Risk Data Aggregation and Reporting

The Basel Committee on Banking Supervision (BCBS) published a newsletter on January 6, 2026, summarizing key themes and challenges in implementing the BCBS 239 principles for risk data aggregation and reporting. The newsletter highlights the ongoing importance of these principles for banks, particularly systemically important banks (SIBs), and discusses evolving implementation practices.

Basel Committee Newsletter on Supervisory Effectiveness and Risks

The Basel Committee on Banking Supervision has released a newsletter discussing efforts to strengthen supervisory effectiveness following the 2023 banking turmoil. It shares information on supervisory practices related to liquidity risk, interest rate risk in the banking book, and business model analysis, intended for supervisors' day-to-day activities.

Basel Committee Consolidates Banking Guidelines and Sound Practices

The Basel Committee on Banking Supervision has launched a new website section consolidating its banking guidelines and sound practices. This initiative aims to improve accessibility for banks and supervisors. A consultative document is open for feedback until June 26, 2026.

Basel Committee Analysis of Synthetic Risk Transfers

The Basel Committee on Banking Supervision has published a report analyzing Synthetic Risk Transfer (SRT) transactions, which allow banks to transfer credit risk to counterparties. The report notes the rapid growth of SRT markets, with protected assets averaging 1.1% of total bank assets globally.

FATF Plenary: Asset Recovery Guidance Approved

The Financial Action Task Force (FATF) Plenary has approved new guidance on asset recovery, aimed at depriving criminals of their illicit gains. This guidance provides updated recommendations and best practices for member countries to enhance their efforts in tracing, freezing, and confiscating criminal assets.

FATF Plenary Outcomes: Fraud Prevention, New Publications, Monitoring

The Financial Action Task Force (FATF) has published the outcomes of its February 2026 Plenary meeting. Key initiatives include enhanced efforts to combat fraudsters, the release of new publications, and increased monitoring of member countries' compliance with anti-money laundering and counter-terrorist financing standards.

FATF-MONEYVAL Plenary Strengthened Efforts Against Criminal Activity

The FATF and MONEYVAL Plenary meeting in June 2025 discussed strengthened efforts against criminal activity. The outcomes highlight ongoing international cooperation and policy discussions aimed at combating financial crime.

FATF Plenary Outcomes: Revised Standards and Russia Suspension

The Financial Action Task Force (FATF) Plenary outcomes include revised standards and country updates. Notably, Russia's membership has been suspended, impacting its participation in FATF activities and potentially international financial relations.