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Wolfsberg Group Endorses Guiding Principle for ISO20022

Written by Insight & Partnership Team | Nov 22, 2021 10:46:00 AM

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.