😱 In accordance with ISO 20022 requirements, SWIFT will stop supporting unstructured addresses in November 2026

😱 In accordance with ISO 20022 requirements, SWIFT will stop supporting unstructured addresses in November 2026

Currently, approximately 65% of payment messages contain unstructured addresses. The measure reflects evolving regulatory and operational standards.

➡️ City and country fields in CBPR+ messages must be populated using structured data for all parties involved, except in certain ISO 20022 message types. The use of BIC-only identification will remain a permitted option.

➡️ This measure aligns with the G20’s objectives to enhance the quality and transparency of cross-border payments, as well as with the harmonization requirements of the CPMI and upcoming regulatory frameworks such as the FATF Travel Rule.

➡️ The use of structured address data will enable greater straight-through processing (STP), more efficient compliance screening, and increased transparency across the entire payment chain.

➡️ SWIFT warned that it will not develop fallback solutions for institutions that are not ready on time: compliance with the November deadline is non-negotiable.

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