GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

PROGRESS
DRILL · PAYMENT TRANSPARENCY AND THE TRAVEL RULE

The words behind Payment transparency and the travel rule

Read the plain-language definition, then name the term it describes.

The requirement that originator and beneficiary information must travel with a transfer through the payment chain so each institution can screen the parties.

Step 1 of 2

THE DRILL AS TEXT

  1. The requirement that originator and beneficiary information must travel with a transfer through the payment chain so each institution can screen the parties.
    • Travel rule
  2. The abuse of removing or altering party information in a payment so screening cannot see a prohibited name; transparency controls are built to detect and deter it.
    • Wire stripping

This drill is built from Payment transparency and the travel rule — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.