Tag Archive: EU Funds Transfer Regulation 2015

“A lack of clarity over FTR 2015 could harm payment flows” writes Deutsche Bank’s Stefan Fruschki for Global Banking and Finance Review

To strengthen the European payments industry’s efforts to combat money laundering and terrorist financing, the EU Funds Transfer Regulation 2015 (FTR 2015) came into effect on 26th June 2017. There is more to FTR 2015 than meets the eye, however. Concerns are mounting that FTR’s obligations are, in places, open to interpretation. Writing for Global Banking and …

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FTR 2015’s regulatory success relies on further industry collaboration, writes Deutsche Bank’s Christian Westerhaus for Money Laundering Bulletin

Last month, the EU Funds Transfer Regulation 2015 (FTR 2015) – which aims to ensure the full traceability of payments – came into effect. Helping to prevent and detect illicit financial transactions, FTR 2015 implements the updated international anti-money laundering (AML) and counter-terrorist financing (CTF) recommendations by the Financial Action Task Force (FATF) and, therefore, …

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Writing for FX-MM, Deutsche Bank’s Stefan Fruschki highlights the challenges arising from new funds transfer regulation

Applicable since 26th June 2017, the EU Funds Transfer Regulation 2015 (FTR 2015) broadens and revises the information requirements that transactions involving EU or EEA-based payment service providers (PSP) must comply with. The regulation enables the region’s regulators to better trace transfers of funds – and thereby contributes to the prevention, detection and investigation of …

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Writing for Finextra, Deutsche Bank’s Christian Westerhaus believes clarity over EU FTR 2015 is needed

Effective since 26th June 2017, the EU Funds Transfer Regulation 2015 (FTR 2015) sets out to ensure the traceability of payments transactions, which is a powerful tool in the prevention, detection, and investigation of money laundering and terrorist financing. But with its implementation comes unexpected hurdles for payment service providers (PSPs). Writing for Finextra, Christian …

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Deutsche Bank publishes new whitepaper outlining the incoming EU Funds Transfer Regulation

Financial institutions and regulators require a common understanding of the EU Funds Transfer Regulation 2015’s (FTR 2015) revised scope and implications before its effective date or else they risk disruptions to transaction flows. This is according to Deutsche Bank’s newly-published whitepaper, “Funds Transfer Regulation 2015: a regional regulation with a global impact”. Applicable from 26 …

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