By Maya Lester KC & Michael O’Kane

EU Commission proposes to harmonise instant payment sanctions screening

On 26 October 2022, the EU Commission adopted a legislative proposal to make instant payment in euro available to all citizens and businesses holding a bank account in the EU and in EEA countries. The proposed legislation would harmonise the sanctions screening procedure for all instant payment providers. Press Release, Remarks by Commissioner McGuinness, Factsheet & Q&A. Providers would not …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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