EU Issues Sanctions Screening FAQs for Instant Payment Service Providers
The European Commission this week released a set of frequently asked questions on the sanctions screening obligations of payment service providers under the EU’s instant payment regulation, a new set of rules governing instant payment services in euros adopted earlier…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
this year. The FAQs touch on those obligations, beginning on page 62, outlining how payment service providers should be screening against sanctions lists, what they must do if they detect a payment that may violate sanctions, and more.