The wire transfer regulations (WTR2) came into effect on June 26, 2017. The regulations require that accurate payer and beneficiary information accompanies the transfer of funds in order to further combat financial crimes and money laundering.
To comply with the regulations, the following information on payers are mandatory regardless of the type/origin/destination of the payment.
Payer (Individual)
●First Name
●Last Name
●Full Address
●Date of Birth
Payer (Company)
●Company Name
●Full Address
Note: The above is the minimum set of information required for all payments. Some payment types/currencies may have additional requirements.