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? This data must travel with the transaction throughout its lifecycle, enabling authorities to trace and investigate suspicious activity effectively. Recommendation 16: A quick recap R.16,

Travel Rule 88

Travel Rule Wire Transfer Rules Wire 88

Fintech News

JULY 17, 2024

The far-reaching study encompasses both crypto-native and non-crypto native methods, as well as strategies for prevention. 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.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

Finovate

MARCH 13, 2024

The partnership brings Sumsub’s Transaction Monitoring and Travel Rule solutions to the Chainalysis platform. With Travel Rule, Sumsub automates data transfers with counterparties to make sure firms remain compliant with regulatory obligations in different jurisdictions around the world.

Verification 59

Verification Blockchain Travel Rule Regulatory Compliance 59

Neopay

JANUARY 25, 2024

The European Banking Authority (EBA) on 16th January extended its Guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs). Therefore, it is important that CASPs know about these risks and put in place measures that effectively mitigate them.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

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. Sygnum is a digital asset technology group with a Swiss banking license and a Singapore Capital Markets Services (CMS) license.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Global Fintech & Digital Assets

JANUARY 8, 2024

The Discussion Paper received responses from a wide variety of stakeholders, including industry bodies, crypto native firms, and banks, and the HKMA announced in the Discussion Conclusions that it would propose a risk-based regulatory framework for fiat-referencing stablecoins (FRS), with further consultation in due course.

Stablecoins 59

Stablecoins Consulting Issuers Non-Bank 59