AML Rules Travel Rule 
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.
PYMNTS
NOVEMBER 15, 2019
government is going to strictly oversee the implementation of rules that would force crypto exchanges, marketplaces and digital wallets to identify their customers when they do transactions over a certain monetary threshold, according to a report by Reuters. 15) that the U.S. That’s what our expectation is. You will comply. billion this year.
PYMNTS
NOVEMBER 15, 2019
government is going to strictly oversee the implementation of rules that would force crypto exchanges, marketplaces and digital wallets to identify their customers when they do transactions over a certain monetary threshold, according to a report by Reuters. 15) that the U.S. That’s what our expectation is. You will comply. billion this year.
PYMNTS
NOVEMBER 20, 2019
Here’s the news peg upon which this latest PYMNTS discussion with Cohen hung: the Financial Action Task Force (FATF), a respected and influential global standards body that deals with AML issues, has published guidance on how its 37 members should regulate cryptocurrency exchanges. Travel Rule.
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. Enforcing AML/KYC Compliance At Cryptocurrency Exchanges.
Fintech News
FEBRUARY 18, 2024
The platform’s capabilities—ranging from ID Verification, Liveness and Face Match, to PoA and Ongoing AML Monitoring—were instrumental in transforming dtcpay’s operational landscape. This flexibility, alongside advanced features and constant AML monitoring has been central to dtcpay’s efforts to streamline its operations.
Finovate
MARCH 13, 2024
The partnership brings Sumsub’s Transaction Monitoring and Travel Rule solutions to the Chainalysis platform. Additionally, the technology enables real-time fraud detection, and users can connect KYC, AML, and KYB verification with transaction monitoring for further vigilance against suspicious activity.
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