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NEWS: Commissioner McGuinness promises new instant payment rules will make sanctions screening ‘more efficient’

Source: EC - Audiovisual Service

By Elizabeth Hearst for AMLi

European Commissioner for Financial Services Mairead McGuinness has promised that newly unveiled instant payment plans for the bloc will make sanctions screening “more efficient”. 

Commissioner McGuinness explained: “At the moment the vast majority of cross-border payments that are flagged during screening are false positives.”

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