By Raphaël MORENON
1 June 2025
International credit transfers are commonplace in a globalised world, but they expose users and banks to increased risks, particularly in terms of fraud and money laundering. Given these challenges, banks are subject to specific obligations of vigilance, reinforced by a strict legal and regulatory framework. Understanding the extent of these obligations is essential for customers, so that they know what to expect from their payment service provider and how to react in the event of a problem. This article details the main due diligence obligations incumbent on banks when processing international transfers. Context of international transfers An international transfer is defined as a transfer of funds from one bank account to another in a different country, or in a foreign currency. These transactions pass through interbank communication and settlement systems...
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