Remove Due Diligence Remove Fincen Remove Travel Rule
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Why payment transparency is critical to the future of correspondent banking

The Payments Association

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. In 2023, the UK Financial Conduct Authority (FCA) fined Guaranty Trust Bank (UK) Ltd 7.6

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

Fintech News

The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers. The United Arab Emirates has amended Federal Decree-Law No. (20)