Balancing Speed and Security: Assessing the Legislative Proposal on Instant Payments in Euro for AML/CFT Measures
In October 2022, the European Commission announced a legislative proposal to make instant payments in euro available to all citizens with a bank account in the EU and EEA countries. When adopting new payment technologies, it can be challenging to balance security and convenience. Consideration must be given to whether compromised security is an unavoidable effect of instant payments or if both obj