Regulation (EU) 2015/847 on information accompanying transfers of funds (revised Wire Transfer Regulation (WTR)) is designed to strengthen the EU's defences against money laundering and terrorist financing. It also ensures that the EU framework is aligned with the Financial Action Task Force's (FATF) international anti-money laundering (AML) and counter-terrorist financing (CTF) standards. The revised Wire Transfer Regulation has applied in member states since 26 June 2017, on which date it repealed and replaced the previous regime under Regulation (EC) 1781/2006.

This note provides an overview of the revised Wire Transfer Regulation, including its scope and key provisions.