Fintech News

JUNE 17, 2025

As crypto adoption accelerates, regulators are ramping up enforcement of the Financial Action Task Force’s (FATF) Travel Rule compliance in APAC. As a result, many have passed legislation to implement the Travel Rule for virtual asset service providers (VASPs).

Compliance 89

Compliance Travel Rule Regulations APACS 89

The Payments Association

JUNE 20, 2025

2024 : Released WireCheck, a real-time screening tool to strengthen FATF Travel Rule compliance and reduce operational drag. A few things on the horizon: Reimagining travel rule implementation : The FATF Travel Rule was intended to bring transparency to digital asset transfers, yet practical adoption remains patchy.

Travel Rule 88

Travel Rule Wire Transfer Financial Crimes Compliance 88

Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). Dollar (USD), and will support stablecoins like USDT and USDC, adhering to the Financial Action Task Force (FATF) travel rule.

Cross-Border 113

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

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 Wire 88

The Payments Association

MAY 9, 2025

Correspondent banking is vital in facilitating global trade, enabling cross-border remittances, and connecting emerging markets to the international financial system. Cross-border payments often involve multiple intermediary institutions, each with varying levels of visibility over the originator and beneficiary.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

PYMNTS

JUNE 18, 2020

The international, cross-border payments industry has been ripe for disruption and we see PayID playing a pivotal role in achieving that,” Gaurav Dahake, CEO of BitBNS, said in the release. “We We are excited to facilitate borderless, frictionless instant transactions for free for users.”.

Bank Routing Number 98

Bank Routing Number Fincen Cross-Border Payments Payments 98

Fintech News

FEBRUARY 18, 2024

This includes the development of proprietary technologies such as workflow builders, liveness and deepfake detection, and mechanisms to adhere to the travel rule. “As regulators made the travel rule a compliance requirement, the world is fast evolving to adopt the travel rule.

Verification 120

Verification Travel Rule Multi-Currency Compliance 120