The G20's plan to make cross-border payments faster, cheaper, more transparent and inclusive could increase fraud and money laundering, warns a new report. Since 2021, the G20 has been pursuing a “ Roadmap for Enhancing Cross-border Payments ” which focuses on reducing the cost and enhancing speed, access and transparency of payments across borders. The Future of Financial Intelligence Sharing (FFIS) is now warning that there "appears to be a lack of joined-up policy thinking" between this effort and economic crime security considerations. Faster payments, says the report, threaten to remove a fundamental part of existing processes…
