Remove Interoperability Remove Travel Rule Remove Verification
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Sumsub and Binance to Streamline Travel Rule Compliance in Crypto Transactions

Fintech News

Sumsub, a global verification and compliance provider, announced its partnership with crypto exchange Binance to integrate its Travel Rule solutio n through the Global Travel Rule (GTR) Alliance.

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Sumsub Integrates Travel Rule Solution with Binance, Supporting VASPs Globally

The Fintech Times

Sumsub , a global full-cycle verification and compliance provider, has completed the integration of its Travel Rule solution with Binance , the crypto exchange platform, through the Global Travel Rule (GTR) Alliance. This alliance amplifies the trust, security, and transparency that our users can expect at Binance.”

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

Fintech News

This trend highlights how criminals are exploiting the interoperability of different blockchain networks to further obscure the trail of illicit funds. In January 2024, nearly US$234 million in illicit inflows were recorded moving through bridges – the highest value to date.