Date note: Entities may notify a substitute date up to 30 Sep 2029 (not available for virtual asset transfers).
Reporting entities switch from international funds transfer instruction (IFTI) reports to international value transfer service (IVTS) reports.
AML reporting: international transfer reporting moves to a new report type. Operations, compliance and data owners need updated processes and controls, and the reporting pipelines must be rebuilt, so budget and plan the project early.
Banks, Remitters, Virtual asset service providers