Fintech News

MARCH 26, 2024

Sumsub, a global verification and compliance provider, announced its partnership with crypto exchange Binance to integrate its Travel Rule solutio n through the Global Travel Rule (GTR) Alliance.

Travel Rule 120

Travel Rule Rules Compliance Transactions 120

The Fintech Times

MARCH 28, 2024

Sumsub , a global full-cycle verification and compliance provider, has completed the integration of its Travel Rule solution with Binance , the crypto exchange platform, through the Global Travel Rule (GTR) Alliance.

Travel Rule 64

Travel Rule Rules Interoperability Verification 64

Finextra

SEPTEMBER 19, 2024

Today Sumsub, a global full-cycle verification provider, announces the integration of its Travel Rule solution with the Sygna Travel Rule protocol to allow its crypto and fintech clients to communicate with the Virtual Asset Service Providers (VASPs) in the Sygna ecosystem, particularly with those in Japan and Taiwan.

Travel Rule 52

Travel Rule Rules Compliance Verification 52

PYMNTS

NOVEMBER 15, 2019

government is going to strictly oversee the implementation of rules that would force crypto exchanges, marketplaces and digital wallets to identify their customers when they do transactions over a certain monetary threshold, according to a report by Reuters. 15) that the U.S. The amount of money laundering crime may exceed $4.3

Travel Rule 55

Travel Rule Rules Fincen Money Laundering 55

The Paypers

MAY 2, 2024

Global full-cycle verification platform Sumsub has partnered with Travel Rule compliance solution CODE.

Travel Rule 45

Travel Rule Rules Compliance Verification 45

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? Unlike traditional banking, crypto transactions often involve pseudonymous addresses, decentralised platforms, and non-custodial wallets, making it far more difficult to enforce the Travel Rule.

Travel Rule 88

Travel Rule Wire Transfer Rules Wires 88

Fintech News

FEBRUARY 18, 2024

This collaboration helps dtcpay balance speed and compliance as they expand across Asia and beyond. Moving fast without compromising compliance As a Major Payment Institution licensed by Singapore’s Monetary Authority, dtcpay operates in a complex regulatory environment.

Verification 120

Verification Travel Rule Multi-Currency Compliance 120

Fintech News

MARCH 12, 2024

This collaboration aims to enhance regulatory compliance, secure data storage, and automate crypto transaction monitoring for their clients. Sumsub, a global verification provider, has integrated with Chainalysis, a blockchain data platform.

Transactions 113

Transactions Security Deepfake Travel Rule 113

The Paypers

MARCH 27, 2024

Global full-cycle verification and compliance provider, Sumsub , has recently announced its integration with Global Travel Rule (GTR) for crypto companies to securely validate data.

Travel Rule 41

Travel Rule Rules Verification Compliance 41

The Paypers

MAY 1, 2025

US-based compliance infrastructure provider Notabene has rolled out its annual report, showcasing the industry moving towards compliance with the Travel Rule.

Travel Rule 36

Travel Rule Rules Compliance 36

PYMNTS

DECEMBER 10, 2020

Enforcing AML/KYC Compliance At Cryptocurrency Exchanges. Department of the Treasury, announced in November 2019 that it would begin strictly enforcing the “travel rule” for cryptocurrency exchanges. The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S.

AML 88

AML Cryptocurrency Money Laundering Compliance 88

Fintech News

MAY 12, 2024

Dollar (USD), and will support stablecoins like USDT and USDC, adhering to the Financial Action Task Force (FATF) travel rule. ” Wayne Huang Wayne Huang, XREX’s Co-founder and Group CEO said, “The MPI license is a testament to our unwavering commitment to the highest regulatory compliance standards.

Cross-Border 113

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 113

PYMNTS

JUNE 18, 2020

The payment network was also designed to be in compliance with the relevant federal and international regulations regarding money transfers, providing “end-to-end Travel Rule compliance solution for satisfying both FinCEN requirements and FATF recommendations.”.

Bank Routing Number 98

Bank Routing Number Fincen Cross-Border Payments Payments 98

The Paypers

OCTOBER 15, 2021

Netherlands-based blockchain investigative tool Crystal Blockchain has announced a partnership with Notabene , a Financial Action Task Force (FATF) Travel Rule solution provider.

Travel Rule 28

Travel Rule Rules Compliance Blockchain 28

The Payments Association

MAY 9, 2025

UK-regulated firms must ensure that complete originator and beneficiary information accompanies all relevant transfers, including specific requirements for crypto-asset service providers under the Travel Rule. From compliance burden to strategic advantage Elizabeth Travis.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

PYMNTS

NOVEMBER 15, 2019

government is going to strictly oversee the implementation of rules that would force crypto exchanges, marketplaces and digital wallets to identify their customers when they do transactions over a certain monetary threshold, according to a report by Reuters. 15) that the U.S. The amount of money laundering crime may exceed $4.3

Rules 50

Rules AML Travel Rule Fincen 50

Fintech News

DECEMBER 12, 2024

The partnership includes successful integration with the Travel Rule compliance solution, ensuring adherence to South Koreas regulatory standards for crypto transactions. This milestone ensures that BYDFi fully complies with South Koreas latest AML regulations, marking significant progress in our global compliance strategy.

Travel Rule 52

Travel Rule Compliance AML Money Laundering 52

Finovate

MARCH 13, 2024

The integration will bring automated crypto transaction monitoring and secure data storage, as well as ensure regulatory compliance. The partnership brings Sumsub’s Transaction Monitoring and Travel Rule solutions to the Chainalysis platform. Sumsub made its Finovate debut at FinovateEurope 2020 in Berlin, Germany.

Verification 59

Verification Blockchain Travel Rule Regulatory Compliance 59

The Paypers

MARCH 3, 2023

Sumsub , a provider of security and transaction monitoring solutions, has launched its Travel Rule solution for the crypto industry, offering a customisable toolkit across the whole customer lifecycle.

Travel Rule 36

Travel Rule Compliance Rules Transactions 36

The Paypers

AUGUST 24, 2022

US-based PayPal has joined the Travel Rule Universal Solution Technology (TRUST) network in order to update its reporting requirements regarding the digital assets travel rule.

Regulatory Compliance 36

Regulatory Compliance PayPal Travel Rule Compliance 36

Fintech News

JULY 17, 2024

The enhanced anonymity features of privacy coins make them particularly attractive to illicit actors, posing significant challenges for law enforcement and compliance professionals. Monero transactions have risen steadily, with a notable spike in March 2024 due to a spam event called Black Marble. billion in 2024.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

The Fintech Times

NOVEMBER 27, 2024

Full-cycle verification platform, Sumsub has enhanced its Crypto Transaction Monitoring and Travel Rule solutions following an integration with Elliptic , the cryptoasset risk manager. Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.”

Transactions 59

Transactions Financial Crimes Crime Blockchain 59

Fintech News

FEBRUARY 27, 2024

Japan Japan, as a forerunner in the adoption of customised cryptocurrency regulations, rolled out both the Travel Rule and stablecoin regulations in June 2023. However, the introduction of new legislation transformed compliance into a legal obligation.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

The Fintech Times

JUNE 3, 2024

Mastercard Crypto Credential supports the exchange of travel rule information for cross-border transactions. The travel rule is a regulatory requirement to ensure transparency and prevent potentially illegal and illicit activities.

Credential 64

Credential Visa Cross-Border Travel Rule 64

Neopay

MAY 7, 2024

Here are the main updates proposed by the FCA and their implications for regulated firms: Sanctions: enhancing control and compliance In response to geopolitical events such as Russia’s invasion of Ukraine, the FCA is proposing more rigorous controls and checks concerning sanctions.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

PYMNTS

OCTOBER 28, 2020

The Oracle Financial Crime and Compliance Management Cloud Service offers comprehensive cybersecurity functions to FIs of various sizes. The two organizations have joint authority on the recordkeeping rule and have together found appropriate changes. Oracle Launches New Cybersecurity, AML Apps for Smaller Banks.

ACH 40

ACH Cybersecurity Fincen Travel Rule 40

Fintech News

JANUARY 24, 2024

Per FATF (Financial Action Task Force) standards, compliance with the Travel Rule mandates DPT services to share client information for transactions, ensuring further safety in digital transfers. Entities providing DPT services before 28 January 2020 are temporarily exempted from licensing under specific conditions.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Global Fintech & Digital Assets

JANUARY 8, 2024

The FRS issuer would need to have appropriate senior management, risk management, and anti-money laundering / counter-financing of terrorism controls (including for conducting customer due diligence and complying with the travel rule) for its operations. Standard supervisory powers granted to the HKMA.

Stablecoins 59

Stablecoins Consulting Issuers Non-Bank 59