The Evolution of Payments

This course explores the evolution of payments over time and its impact on the world economy by examining the interplay between payments and the economy, and delving into the role and legalities of payments in the international context.

• Skills to recognize the functions of money.
• The key elements of different types of payment transactions.
• The specifics of Know-Your-Customer (KYC), Anti-Money Laundering (AML), and Combating the Financing of Terrorism (CFT) rules.
• Actions that financial institutions must undertake to comply with international payment laws, and what that implies for businesses' cross-border payments.