Skip to content

Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

Click Now!


Proposed format change for Fedwire

The Federal Reserve Board has published [83 FR 31391] a request for comment on a proposal to adopt the ISO® 20022 message format for the Fedwire® Funds Service. ISO 20022 is an international standard that would replace the Fedwire Funds Service's current, proprietary message format. Transitioning to the new format would help to improve the efficiency of domestic and cross-border payments between the Fedwire Funds Service and other messaging systems, and could help enhance current anti-money laundering efforts. The migration to ISO 20022 would take place in three phases beginning in 2020 and ending in 2023. Comments are due by September 4, 2018.

UPDATE 7/6/18: Added comments on efficiency of payments and potential for enhancing AML efforts.

Filed under: 

Training View All

Penalties View All

Search Top Stories