What You Need to Know

If you are a bank established within the Eurozone, you are, as from today, bound by certain IPR obligations when you act for a client in a capacity as payment service provider of the payee. Here’s what you need to do:

• Provision Of ICT Receipt Service: Accept incoming ICT under the same conditions as standard credit transfers in euros (including applicable charges);
• Daily Sanctions Screening: In the context of the execution of ICT, ensure your internal database of payment service users is screened at least once per calendar day against lists of targeted financial restrictive measures.

Are You Prepared?

If you haven’t already, now is the time to adjust your internal policies, procedures, and contractual documentation to comply with the new IPR requirements.

We’re here to help! Our team can guide you through the necessary adjustments to ensure full compliance with the IPR regime.

Learn More

For detailed information on the new IPR regime, check out our dedicated brochure. Don’t miss out on staying ahead of these crucial changes!