AML/CFT seen as biggest barrier to improving cross-border payments
All African central banks say AML/CFT compliance is a major challenge
Compliance with anti-money laundering and countering the financing of terrorism rules is the most frequently named major challenge associated with improving cross-border payments in the Payments Benchmarks 2026.
Forty-eight central banks supplied data on the main obstacles to improving cross-border payments. AML and CFT compliance is seen as a key issue by 83.7% of respondents. Another key issue is governance (such as sovereignty of money), named by 58.1% of respondents.
When asked about the
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