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This document describes the supervisory expectations for the information that must be included in payment messages related to cover payments, the various mechanisms that must be used to ensure that complete and accurate information has been included in such messages, and the use that should be made of the information for anti-money laundering and combating the financing of terrorism purposes. It provides guidance for situations in which one or more intermediary banks are located neither in the jurisdiction of the originator’s bank nor in that of the beneficiary’s bank. The guidance is consistent with current private sector initiatives supported by the Basel Committee to enhance transparency in payment messages.