The increasingly complex landscape of wire transfer regulation presents critical challenges for UK payment service providers (PSPs). With regulatory expectations intensifying and operational risks expanding, firms can no longer rely on traditional AML frameworks to meet their obligations under the UK Wire Transfer Regulations. Instead, they must adopt a dedicated risk assessment framework that captures the unique structural, technical, and role-specific vulnerabilities associated with wire transfers.

This Paper Focuses On:

• The evolution of the UK’s wire transfer regime and its divergence from EU and FATF approaches

• Why a separate WTR risk assessment is necessary and how it differs from conventional AML controls

• A step-by-step guide to designing and implementing a WTR-specific risk assessment framework

• Role-based risk and control expectations for payer, payee, and intermediary PSPs

• Case studies highlighting real-world compliance challenges and practical resolution strategies

This Paper Is Intended For:

• Compliance and risk professionals working within payment and e-money institutions

• Operational leaders responsible for wire transfer processing and system design

• Financial Crime Officers and MLROs seeking to improve audit readiness and control assurance

• Governance and board-level stakeholders tasked with regulatory oversight

• Technology and product teams enhancing payment infrastructure for compliance

Effective wire transfer compliance demands more than a regulatory checkbox exercise. It requires a proactive, data-driven, and operationally embedded approach to risk. Download the full white paper to explore how PSPs can reframe wire transfer obligations as a strategic opportunity to improve transparency, resilience, and institutional integrity.