Wolfsberg Group Endorses Guiding Principle for ISO20022

22 November 2021

professional paying at laptop with credit card

Wolfsberg Group Endorses Guiding Principle for ISO20022

The Wolfsberg Group has announced it endorses the “Guiding principles for screening ISO20022 payments” published by SWIFT, stating the adoption of ISO20022 improved adherence to Wolfsberg group’s own ‘Payments Transparency Principles’.

Whilst MT syntax amalgamates key data into a single field, ISO20022 syntax has dedicated tags for key data elements which can improve the efficiency and effectiveness of screening. FIs who have adopted ISO20022, or are planning to, should review the guidance against current methods of list matching and data points utilised.

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Wolfsberg Group Endorses Guiding Principle for ISO20022

22 November 2021

Wolfsberg Group Endorses Guiding Principle for ISO20022

The Wolfsberg Group has announced it endorses the “Guiding principles for screening ISO20022 payments” published by SWIFT, stating the adoption of ISO20022 improved adherence to Wolfsberg group’s own ‘Payments Transparency Principles’.

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