Crime, Regulations and Travel Rule

Here’s How 10 APAC Markets Are Approaching Crypto Regulation

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon. This transition is currently in progress.

APACS

APACS Regulations Stablecoins Cryptocurrency

OpusDatum launches new WTR Knowledge Hub to transform global compliance landscape

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

Compliance Wire Transfer Wires Wire

Sumsub Academy Launched, Providing Expert-Led Fraud Prevention Courses

Fintech News

APRIL 6, 2025

According to Andrew Novoselsky, Chief Product Officer at Sumsub, the academy aims to provide accessible, expert-led training to help professionals stay ahead of evolving regulations and effectively combat financial crime.

Fraud Prevention

Fraud Prevention Deepfake Travel Rule Continuing Education

Webinars

Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

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‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data

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

Travel Rule Rules Fincen Money Laundering

In the age of crypto, is FATF playing catch-up on Recommendation 16?

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? While traditional financial institutions had decades to develop systems for compliance, the crypto sectors rapid innovation has left regulators struggling to keep pace.

Travel Rule

Travel Rule Wire Transfer Rules Wires

Why payment transparency is critical to the future of correspondent banking

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

Correspondent Bank Correspondent ISO 20022 Wire Transfer

Understanding the FCA’s proposed updates to the Financial Crime Guide

Neopay

MAY 7, 2024

The Financial Conduct Authority (FCA) is proposing significant updates to its Financial Crime Guide. The FCA aims to assist firms in understanding regulatory expectations while empowering them to assess the adequacy of their financial crime systems and controls. However, the proposed changes don’t stop there.

Financial Crimes

Financial Crimes Crime Risk Assessment Money Laundering

U.S. Gov’t. Will Enforce AML Rules For Crypto

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

Rules AML Travel Rule Fincen

Understanding Crypto Money Laundering, and How to Get a Handle on It

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

Money Laundering

Money Laundering Law Enforcement AML Non-Bank

Deep Dive: Cracking Down On Cryptocurrency Exchange Cybercrime With AML/KYC Compliance

PYMNTS

DECEMBER 10, 2020

Cryptocurrency-related crimes totaled $4.3 Government regulators and cryptocurrency exchanges are frantically looking for ways to regulate and prevent the laundering of stolen money through cryptocurrencies, with some methods showing more promise than others. billion in 2019, a larger sum than in 2017 and 2018 combined.

AML

AML Cryptocurrency Money Laundering Compliance

Today In Digital-First Banking: Oracle Rolls Out Cybersecurity Apps For FIs; The ACH Reports Rise In Q3 Activity

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

ACH Cybersecurity Fincen Travel Rule

The EBA consults on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes

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

Money Laundering Consulting Finance Travel Rule

Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

JANUARY 24, 2024

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.

Service Provider

Service Provider Cryptocurrency Payments Institute Blockchain

EBA issues guidance to crypto-asset service providers to effectively manage their exposure to ML/TF risks

Neopay

JANUARY 25, 2024

The new Guidelines highlight ML/TF risk factors and mitigating measures that CASPs need to consider, representing an important step forward in the EU’s fight against financial crime. CASPs can be abused for financial crime purposes, including ML and TF.

Service Provider

Service Provider Risk Due Diligence Money Laundering

Payments Space

Here’s How 10 APAC Markets Are Approaching Crypto Regulation

OpusDatum launches new WTR Knowledge Hub to transform global compliance landscape

Sumsub Academy Launched, Providing Expert-Led Fraud Prevention Courses

Webinars

‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data

In the age of crypto, is FATF playing catch-up on Recommendation 16?

Why payment transparency is critical to the future of correspondent banking

Understanding the FCA’s proposed updates to the Financial Crime Guide

U.S. Gov’t. Will Enforce AML Rules For Crypto

Understanding Crypto Money Laundering, and How to Get a Handle on It

Deep Dive: Cracking Down On Cryptocurrency Exchange Cybercrime With AML/KYC Compliance

Today In Digital-First Banking: Oracle Rolls Out Cybersecurity Apps For FIs; The ACH Reports Rise In Q3 Activity

The EBA consults on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes

Here Are All The Licensed Crypto Services Providers in Singapore

EBA issues guidance to crypto-asset service providers to effectively manage their exposure to ML/TF risks

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