Indian officials called for relaxing compliance mandates for cross-border payments via UPI in Mumbai earlier this week
The officials highlighted that SWIFT and payment networks like Visa and Mastercard are exempted from such rules
RBI governor Sanjay Malhotra told the attendees of the FATF meeting that it would be desirable to make FATF’s travel rule technology-neutral
The Centre has reportedly urged money laundering watchdog Financial Action Task Force (FATF) to relax compliance mandates for cross-border payments…