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  • Intermediary Financial Institutions

    • AML-2A.2.18

      For cross-border wire transfers and accepted crypto-asset transfers, financial institutions processing an intermediary element of such chains of wire transfers and/or accepted crypto-asset transfers must ensure that all originator and beneficiary information that accompanies a wire transfer and accepted crypto-asset transfer is retained with it.

      Added: January 2020

    • AML-2A.2.19

      Where technical limitations prevent the required originator or beneficiary information accompanying a cross-border wire transfer from remaining with a related domestic wire transfer, a record must be kept, for at least five years, by the receiving intermediary institution of all the information received from the ordering financial institution or another intermediary financial institution.

      Added: January 2020

    • AML-2A.2.20

      An intermediary financial institution must take reasonable measures to identify cross-border wire transfers and accepted crypto-asset transfer that lack required originator information or required beneficiary information.

      Added: January 2020

    • AML-2A.2.21

      An intermediary financial institution must have effective risk-based policies and procedures for determining:

      (a) When to execute, reject, or suspend a traditional wire transfer lacking required originator or required beneficiary information; and
      (b) The appropriate follow-up action.
      Added: January 2020