BCBS

Monitoring Group announces adoption of formal Charter

The Monitoring Group, a group of international regulatory bodies and related organizations committed to advancing the public interest in areas related to international audit quality, announces the adoption of a formal Charter.

Due diligence and transparency regarding cover payment messages related to cross-border wire transfers

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.

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