Authorization, Regulations and Travel Rule

The EBA issues ‘travel rule’ guidance to tackle money laundering and terrorist financing in transfers of funds and crypto assets

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

Travel Rule Money Laundering Rules Finance

Here’s How 10 APAC Markets Are Approaching Crypto Regulation

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

APACS

APACS Regulations Stablecoins Cryptocurrency

MAS Grants Full Crypto Payment License to Upbit Singapore

Fintech News

JANUARY 7, 2024

The Monetary Authority of Singapore (MAS) has granted crypto exchange Upbit Singapore a full payment license, enabling the company to expand its operations in the digital asset market. Bedsides Singapore, the group already operates regulated exchanges Indonesia and Thailand, as well as VerifyVASP, a travel rule solution provider.

APACS

APACS Travel Rule Payments Regulations

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

MORE WEBINARS

XREX Singapore Gets MAS Greenlight for Crypto Payments License

Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). Dollar (USD), and will support stablecoins like USDT and USDC, adhering to the Financial Action Task Force (FATF) travel rule.

Cross-Border

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance

Sumsub Integrates with Chainalysis to Strengthen Crypto Transaction Security

Fintech News

MARCH 12, 2024

It also addresses the need for stringent compliance measures in response to tighter global regulations on digital assets, exemplified by recent actions from regulatory bodies in the Asia-Pacific region, including the Monetary Authority of Singapore and Hong Kong’s new crypto travel rule.

Transactions

Transactions Security Deepfake Travel Rule

The EBA consults on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes

Neopay

NOVEMBER 27, 2023

The European Banking Authority (EBA) has launched a public consultation on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes.

Money Laundering

Money Laundering Consulting Finance AML

Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

Fintech News

FEBRUARY 18, 2024

Moving fast without compromising compliance As a Major Payment Institution licensed by Singapore’s Monetary Authority, dtcpay operates in a complex regulatory environment. With expansion plans across Asia and beyond, dtcpay needed to streamline identity checks to remove friction during onboarding while still adhering to regulations.

Verification

Verification Travel Rule Multi-Currency Compliance

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

Fintech News

JULY 17, 2024

And contrasting with the non-crypto native space, the Hong Kong Monetary Authority (HKMA) just fined DBS Bank (Hong Kong) Limited, the HK subsidiary of DBS , a HK$10 million penalty for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering

Money Laundering Law Enforcement AML Non-Bank

EBA issues guidance to crypto-asset service providers to effectively manage their exposure to ML/TF risks

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).

Service Provider

Service Provider Risk Due Diligence Money Laundering

Today In Digital-First Banking: Oracle Rolls Out Cybersecurity Apps For FIs; The ACH Reports Rise In Q3 Activity

PYMNTS

OCTOBER 28, 2020

The Federal Reserve Board and The Financial Crimes Enforcement Network (FinCEN) are looking for input on a potential regulation that would amend recordkeeping and travel rule regulations under the Bank Secrecy Act.

ACH

ACH Cybersecurity Fincen Travel Rule

Understanding the FCA’s proposed updates to the Financial Crime Guide

Neopay

MAY 7, 2024

The Financial Conduct Authority (FCA) is proposing significant updates to its Financial Crime Guide. This involves implementing more stringent oversight and reporting processes, aligning with the 2022 update to the Money Laundering Regulations (MLR). However, the proposed changes don’t stop there.

Financial Crimes

Financial Crimes Crime Risk Assessment Money Laundering

Hong Kong Consults on Proposed Approach to Stablecoin Legislation

Global Fintech & Digital Assets

JANUARY 8, 2024

By Simon Hawkins and Adrian Fong On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) released a consultation paper on their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (Consultation Paper). FRS issuers would be regulated and licensed.

Stablecoins

Stablecoins Consulting Issuers Non-Bank

Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

JANUARY 24, 2024

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.

Service Provider

Service Provider Cryptocurrency Payments Institute Stablecoins

Deep Dive: Cracking Down On Cryptocurrency Exchange Cybercrime With AML/KYC Compliance

PYMNTS

DECEMBER 10, 2020

Government regulators and cryptocurrency exchanges are frantically looking for ways to regulate and prevent the laundering of stolen money through cryptocurrencies, with some methods showing more promise than others. Cryptocurrency-related crimes totaled $4.3 billion in 2019, a larger sum than in 2017 and 2018 combined. or the U.S.,

AML

AML Cryptocurrency Money Laundering Compliance

Payments Space

The EBA issues ‘travel rule’ guidance to tackle money laundering and terrorist financing in transfers of funds and crypto assets

Here’s How 10 APAC Markets Are Approaching Crypto Regulation

MAS Grants Full Crypto Payment License to Upbit Singapore

Webinars

XREX Singapore Gets MAS Greenlight for Crypto Payments License

Sumsub Integrates with Chainalysis to Strengthen Crypto Transaction Security

The EBA consults on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes

Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

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

EBA issues guidance to crypto-asset service providers to effectively manage their exposure to ML/TF risks

Today In Digital-First Banking: Oracle Rolls Out Cybersecurity Apps For FIs; The ACH Reports Rise In Q3 Activity

Understanding the FCA’s proposed updates to the Financial Crime Guide

Hong Kong Consults on Proposed Approach to Stablecoin Legislation

Here Are All The Licensed Crypto Services Providers in Singapore

Deep Dive: Cracking Down On Cryptocurrency Exchange Cybercrime With AML/KYC Compliance

Stay Connected