Call for Papers - Compliance in the Payments Industry

Call for Papers: 

Special Issue: Compliance in the Payments Industry

Gerard Hartsink, Editor, Journal of Payments Strategy & Systems

Submission deadline: 30th October 2023

Payments industry participants need to allocate more and more resources to ensure compliance with legislation to prevent money laundering and terrorist financing, and with sanctions regimes. These legal duties require cooperation of several functions of payment service providers (customer on-boarding, payments operations, compliance officers, technology services). Non-compliant payments can lead to substantial fines for service providers.

The Financial Action Task Force, delivered recommendations which countries are expected to implement in order to combat money laundering and terrorist financing. Industry associations are actively advocating for internationally coherent legislation for financial crime. The Financial Intelligence Units (FIUs) of many countries receive a growing number of suspicious transaction reports, mainly from payments service providers. The Egmont Group, the global organization of FIUs, exchanges expertise and financial intelligence. Their Strategic Plan for 2022-2027 will result in a stronger and more aligned cooperation of FIUs to combat financial crimes.

Call for Papers
This special issue of Journal of Payments Strategy & Systems (JPSS) on compliance in the payments industry plans to deliver thought-provoking contributions and in-depth advice for all market participants - private and public sector - in the payments industry ecosystem. The papers in this special issue are also intended to promote the exchange of ideas in the subject areas covered by JPSS.

Submissions covering any of the following topics for this special issue will be considered, with additional suggestions for papers also welcomed.


Market developments and payment strategies

  • What choices do banks make to avoid non-compliance with AML/CFT and sanctions regulations?
  • What is the impact of stopping cross-border payment services for payees in high risk countries? What are the consequences of these de-risking policies?
  • How could the FSB Roadmap for Enhancing cross-border payments (Building Block 5 on the application of AML/CFT rules) be supported?
  • How could e-commerce organizations support their payments service provider to combat financial crimes?

Trends in payments methods, products and services

  • How could cards schemes help combat financial crimes?
  • How could identity service providers support the on-boading of customers?
  • Could rulebooks of the payments industry (credit transfers, director debits, cards and CBDC) include common rules to combat financial fraud?

Corporate payments and treasury management

  • Could corporates do more to help identify (with global standards) their customers and suppliers to mitigate compliance risk?

Payments operations

  • Which cooperation models (utilities) of banks are possible and effective in reducing compliance costs for financial crimes?
  • How could technology reduce the compliance costs of on-boarding customers and executing payment transactions?

Payment risk management

  • What are effective cooperation models to combat financial crimes either in financial firms or together with other payments companies?
  • How could standards for identifying payees (such as LEI or NPI) reduce compliance risks for banks?
  • How could policy makers support a more efficient system of reporting non-compliant transactions?

Social impact of payments

  • What is the impact of AML/CFT legislations on workers’ remittances? Are the families involved paying a high price for mandatory compliance tasks?

Submission Guidelines:
The deadline for the submission of articles to this special issue is 30th October 2023. 

The following types of articles will be considered for publication:

Practice articles: Thought leadership pieces, regulatory updates, briefings, and other contributions on payments compliancewritten by practitioners. Articles should be 2,000 to 5,000 words in length.

Research papers: Contributions which explore new models, theories and research on payments compliance. The principal management implications of the submission should be included. Articles should be up to maximum 5,000 words in length. 

Author guidelines, sample articles and other relevant information about the journal can be found here.

The special issue aims to provide a comprehensive coverage of compliance aspects for the payments industry. Authors are invited to let us know as soon as possible which topics they would like to cover in their paper. Questions and proposals for papers should be directed to the Editor, Gerard Hartsink, at and Julie Kerry, the Publisher, at

About the Journal
Journal of Payments Strategy & Systems publishes peer-reviewed articles and case studies analysing best practice, regulation, emerging issues and new thinking for the payments industry. It examines major issues facing the corporate, wholesale and retail payments industry from a business, risk and operational perspective.  As a peer-reviewed professional publication, the Journal is read by senior payments executives based at banks, credit card issuers, regulators, other financial institutions, service providers, vendors, consultants and treasurers. Typically readers are departmental heads, VPs, SVPs, EVPs, Directors and Senior Managers in payments, product management, payments operations, transaction banking and cash management.