The Payments Association

MAY 28, 2025

The WTR Knowledge Hub serves as an essential repository for up-to-date information on global implementation of wire transfer regulations, highlighting adoption of the Financial Action Task Force (FATF) Travel Rule, country-specific regulations, and regional legislative frameworks.

Compliance 88

Compliance Wire Transfer Wire Wires 88

PYMNTS

NOVEMBER 15, 2019

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. It [travel rule] applies to CVCs [convertible virtual currencies], and we expect that you will comply, period,” Blanco said.

Travel Rule 55

Travel Rule Rules Fincen Money Laundering 55

PYMNTS

DECEMBER 10, 2020

Cryptocurrency-related crimes totaled $4.3 This lack of identity information is compounded by the weak KYC procedures of many cryptocurrency exchanges, with a recent study finding that 56 percent of all exchanges lacked sufficient KYC processes, many of which did so on purpose to avoid complying with AML regulations. or the U.S.,

AML 88

AML Cryptocurrency Money Laundering Compliance 88

The Payments Association

JANUARY 31, 2025

As crypto reshapes finance, the FATF’s Travel Rule struggles to keep pacecan global regulators close the gap on illicit transactions? The Financial Action Task Force (FATF) has long been the global standard-setter for AML and CTF measures. Among its 40 Recommendations, Recommendation 16 (R.16) In 2019, the FATF extended R.16

Travel Rule 88

Travel Rule Wire Transfer Rules Wires 88

PYMNTS

NOVEMBER 15, 2019

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. It [travel rule] applies to CVCs [convertible virtual currencies], and we expect that you will comply, period,” Blanco said.

Rules 50

Rules AML Travel Rule Fincen 50

The Payments Association

MAY 9, 2025

As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. Yet the sector continues to face scrutiny over its vulnerability to financial crime. Yet the sector continues to face scrutiny over its vulnerability to financial crime.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

Fintech News

JULY 17, 2024

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. This decrease suggests that the anti-money laundering (AML) programmes of centralised exchanges are becoming more effective at detecting and mitigating laundering activity.

Money Laundering 108

Money Laundering Law Enforcement AML Non-Bank 108