The ISO 20022 system is a powerful tool that can be used to prevent the flow of funds to sanctioned entities. By using this system, financial institutions can help to ensure that their funds are not being used to support terrorism, money laundering, or other illegal activities.
This is why banks are implementing Basel 3 & ISO. Because they work in conjuction with one another. Basel III and ISO 20022 work together in several ways. For example, Basel III requires banks to hold a certain amount of capital in the form of liquid assets. ISO 20022 can help banks to identify and manage their liquidity risk by providing a more transparent and efficient way to track and manage cross-border payments.
In addition, Basel III requires banks to have a sound risk management framework in place. ISO 20022 can help banks to meet this requirement by providing a more standardized way to collect and analyze data on cross-border payments. This data can be used to identify and assess potential risks, and to develop mitigation strategies.
This is why It's called ➡️ "The End Game". ⬅️ This is why you all should seek out financial institutions that have these new features. Your money will be protected, secure, safer, and not abused.