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 97

Compliance Travel Rule Regulations APACS 97

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

Neopay

JULY 18, 2024

The European Banking Authority (EBA) issued new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes.

Travel Rule 52

Travel Rule Money Laundering Rules Finance 52

PYMNTS

DECEMBER 10, 2020

This lack of identity information is compounded by the weak KYC procedures of many cryptocurrency exchanges, with a recent study finding that 56 percent of all exchanges lacked sufficient KYC processes, many of which did so on purpose to avoid complying with AML regulations. or the U.S.,

AML 88

AML Cryptocurrency Money Laundering Compliance 88

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. In January, the Securities and Exchange Commission (SEC) of Thailand introduced new regulations governing digital asset custody.

APACS 131

APACS Regulations Stablecoins Cryptocurrency 131

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 52

Money Laundering Consulting Finance Travel Rule 52

Neopay

MAY 7, 2024

This includes references to the travel rule and updates to sections on risk assessment and fraud. Firms may need to repeat or update risk assessments, implement new training programs, invest in technology, and re-evaluate existing client relationships and procedures.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52