EU Instant Payments Regulation
Daily sanctions screening evidence for PSPs.
The Instant Payments Regulation (Reg 2024/886) requires PSPs to screen their entire customer base immediately on each new TFS designation and at least daily. Verifex supports the evidence workflow — sweep, delta, alert, export.
Regulation overview
What the IPR requires
The EU Instant Payments Regulation (Reg 2024/886) amended the SEPA Regulation to prohibit per-transaction EU restrictive-measures screening of in-scope instant credit transfers. Instead, PSPs must screen their full customer base:
- Immediately on each new or amended TFS designation
- At least daily as a baseline screening cadence
Eurozone banks: receive from 9 January 2025, send from 9 October 2025. Eurozone PIs/EMIs: receive from 9 January 2027, send from 9 July 2027. Non-Eurozone EU PSPs follow similar deferrals.
National AML laws may still require transaction-based screening for non-EU regimes (OFAC SDN, UK OFSI). Verifex supports both daily-batch and per-transaction screening modes with separate evidence records.
How Verifex helps
Daily sweep evidence workflow
Daily customer-base sweep
Re-screen your full customer base against the latest sanctions lists on a configurable daily cadence. Evidence is bound to the exact list versions used.
List-update delta triggers
When OFAC, EU, UN, or UK lists publish updates, automatically identify which of your customers may be affected by the delta.
Reviewable export
Each sweep produces a timestamped, versioned evidence record in JSON or CSV format — ready for internal audit review and compliance documentation.
Webhook alerts on hits
Receive real-time webhook notifications when a daily sweep surfaces a new match, so your compliance team can act immediately.