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 Wire 88

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. 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 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

NOVEMBER 20, 2019

Here’s the news peg upon which this latest PYMNTS discussion with Cohen hung: the Financial Action Task Force (FATF), a respected and influential global standards body that deals with AML issues, has published guidance on how its 37 members should regulate cryptocurrency exchanges. Travel Rule.

Travel Rule 49

Travel Rule Rules Digital Currency Cryptocurrency 49

Fintech News

FEBRUARY 27, 2024

In pursuit of clearer regulatory guidelines, Anti-Money Laundering (AML) registration requirements were enforced from March 2023. Japan Japan, as a forerunner in the adoption of customised cryptocurrency regulations, rolled out both the Travel Rule and stablecoin regulations in June 2023.

APACS 129

APACS Regulations Stablecoins Cryptocurrency 129

Neopay

NOVEMBER 27, 2023

These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or crypto-assets.

Money Laundering 52

Money Laundering Consulting Finance Travel Rule 52