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

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 AML 52

Neopay

JANUARY 25, 2024

Legal basis Directive (EU) 2015/849 puts the risk-based approach at the centre of the EU’s anti-money laundering and countering the financing of terrorism (AML/CFT) regime.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

PYMNTS

DECEMBER 10, 2020

in 2015 and a staggering $13,421.44 Department of the Treasury, announced in November 2019 that it would begin strictly enforcing the “travel rule” for cryptocurrency exchanges. The currency is well-known for its massive value fluctuations, as a single bitcoin cost just 9 cents in 2010, $313.92

AML 88

AML Cryptocurrency Money Laundering Compliance 88