The Risk Assessment Firms Skip: Fiat Wire Transfers After R16 (wix.to)
When the Financial Action Task Force (FATF) revised Recommendation 16 (R16) in June 2025, most of the commentary fixed on virtual assets. That focus misses the point. The revised standard, agreed at t...
Every cross-border wire transfer is now a risk decision. Most firms are still treating it as a clerical one.
