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Why Real-Time Payments Broke Traditional Transaction Monitoring
['Abdul Basit', 'Beyond Boundaries', 'Angela Scott-Briggs']
TechBullion
Instant payments stopped being a competitive product decision and became a regulatory obligation.
A recall request on most instant rails is a polite enquiry to the receiving institution, not a mechanism.
Instant payments compress layering from days into minutes, and a stale profile cannot see it.
The sanctions screening paradoxThere is a genuine technical contradiction at the heart of instant payments compliance.
What real-time monitoring actually has to doRebuilding for instant rails is not a matter of running the same rules more often.