In plain English: ISO20022👌

The new messages remove the shadows where sloppy reporting, hidden fees, miscoded transfers, and “creative accounting” once lived.

That part is absolutely fair discernment.

But here’s the even bigger point

$XRP $XLM $IOTA

#ISO20022 doesn’t directly expose fraud —

it forces the systems that receive the data to expose it.

Under MT, a message might say only:

“Funds transfer - details on file.”

Under ISO 20022, the same transaction must specify:

• exact source of funds

• exact economic purpose

• exact ownership structure

• exact intermediary chain

• exact fees, spreads, FX rates

• exact regulatory category

• exact counterparty information

Machine-readable → machine-auditable → machine-reconcilable.

The opacity dies, not because ISO 20022 accuses anyone,

but because everything is finally described in forensic detail.

This is the transparency upgrade.

This blows open hidden flows, skimming, off-ledger pools, errors, mismatches, misallocated collateral, etc.

Banks, correspondent networks, FX desks, and clearing houses have relied for decades on:

• omnibus accounts

• blended fee buckets

• net-settlement “smoothing”

• miscoded purpose fields

• internal suspense accounts

• delayed reconciliation

ISO 20022 wipes out the shadows where these techniques lived.

Not by accusation - but by precision.

The post-cutover world becomes deterministic, not probabilistic

Under MT:

“Trust us, it balances.”

Under ISO 20022:

“Prove it. Every field. Every hop. Every custodian. Every fee. Every spread. Every timestamp.”

This is an audit-grade digital paper trail.

The only ones who fear this level of illumination are those who depend on opacity.