Cross-Border Wire Transfers
FC-3.1.5
Information accompanying all wire transfers must always contain:
(a) The name of the originator;(b) The originator account number or IBAN where such an account is used to process the transaction;(c) The originator's address, or national identity number, or customer identification number, or date and place of birth;(d) The name of the beneficiary; and(e) The beneficiary account number where such an account is used to process the transaction.Added: October 2014
FC-3.1.6
In the absence of an account, a unique transaction reference number should be included which permits traceability of the transaction.
Added: October 2014
FC-3.1.7
Where several individual cross-border wire transfers from a single originator are bundled in a batch file for transmission to beneficiaries, they may be exempted from the requirements of Paragraph FC-3.1.5 in respect of originator information, provided that they include the originator's account number or unique transaction reference number (as described in Paragraph FC-3.1.6), and the batch file contains required and accurate originator information, and full beneficiary information, that is fully traceable within the beneficiary country.
Added: October 2014
