The Paypers

MAY 2, 2024

Global full-cycle verification platform Sumsub has partnered with Travel Rule compliance solution CODE.

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Travel Rule Rules Compliance Verification 45

The Paypers

MARCH 27, 2024

Global full-cycle verification and compliance provider, Sumsub , has recently announced its integration with Global Travel Rule (GTR) for crypto companies to securely validate data.

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Travel Rule Rules Verification Compliance 41

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.

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Travel Rule Money Laundering Rules Finance 52

PYMNTS

NOVEMBER 20, 2019

Travel Rule. Digital currency exchanges reportedly are not happy with this move, given that the guidance seems sure to lead to more expense on the part of those companies in making sure they comply with the new rules. At issue most of all is Recommendation 16 in the FAFT guidance, a so-called “travel rule.”

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Travel Rule Rules Digital Currency Cryptocurrency 49

The Paypers

SEPTEMBER 19, 2024

Sumsub has integrated its Travel Rule solution with the Sygna Travel Rule protocol to allow crypto and fintech clients to communicate with VASPs in the Sygna ecosystem.

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Travel Rule Rules FinTech 77

The Paypers

MAY 24, 2023

US-based crypto pre-transaction decision-making platform Notabene has launched SAFE implementation phases for the Travel Rule.

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Travel Rule Rules Transactions 36

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.

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Rules AML Travel Rule Fincen 50

The Paypers

NOVEMBER 1, 2022

Global cryptocurrency investment app Luno has become a member of the Travel Rule Universal Solution Technology (TRUST) Coinbase network.

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Travel Rule Rules Cryptocurrency Technology 36

Fintech News

FEBRUARY 18, 2024

This includes the development of proprietary technologies such as workflow builders, liveness and deepfake detection, and mechanisms to adhere to the travel rule. “As regulators made the travel rule a compliance requirement, the world is fast evolving to adopt the travel rule.

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Verification Travel Rule Multi-Currency Compliance 119

The Paypers

SEPTEMBER 1, 2023

UK-based security and transaction monitoring solutions provider Sumsub has launched a free trial of its crypto Travel Rule solution.

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Travel Rule Rules Transactions Security 36

Fintech News

JANUARY 7, 2024

Bedsides Singapore, the group already operates regulated exchanges Indonesia and Thailand, as well as VerifyVASP, a travel rule solution provider. The newly obtained license is expected to bolster Upbit APAC’s growth in institutional and infrastructure-related digital asset services.

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APACS Travel Rule Payments Regulations 116

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.

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Transactions Security Deepfake Travel Rule 113

Fintech News

MAY 12, 2024

Dollar (USD), and will support stablecoins like USDT and USDC, adhering to the Financial Action Task Force (FATF) travel rule. XREX Pay will accommodate transactions in Singapore Dollar (SGD) and U.S.

Cross-Border 113

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 113

Fintech News

NOVEMBER 27, 2024

Global verification provider Sumsub has partnered Elliptic, a cryptoasset risk management firm, to bolster its crypto transaction monitoring and Travel Rule solutions.

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Crime Financial Crimes Travel Rule Blockchain 112

The Paypers

OCTOBER 15, 2021

Netherlands-based blockchain investigative tool Crystal Blockchain has announced a partnership with Notabene , a Financial Action Task Force (FATF) Travel Rule solution provider.

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Travel Rule Rules Compliance Blockchain 28

PYMNTS

JANUARY 19, 2021

The commission is also looking to set up vaccine certificates to show when someone has gotten vaccinated and is safe to travel, according to the report.

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Travel Rule Privacy Rules Continuity 109

PYMNTS

JUNE 18, 2020

The payment network was also designed to be in compliance with the relevant federal and international regulations regarding money transfers, providing “end-to-end Travel Rule compliance solution for satisfying both FinCEN requirements and FATF recommendations.”.

Bank Routing Number 98

Bank Routing Number Cross-Border Payments Fincen Payments 98

Fintech News

DECEMBER 12, 2024

The partnership includes successful integration with the Travel Rule compliance solution, ensuring adherence to South Koreas regulatory standards for crypto transactions. BYDFi announced its official membership in South Koreas CODE VASP Alliance. CODE formally welcomed BYDFi’s participation at the same time as a post.

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Travel Rule Compliance AML Money Laundering 52

PYMNTS

JUNE 19, 2020

The coalition has said, too, that it is compliant with Financial Action Task Force mandates known as the “travel rule.” The rule governs how beneficiary and originator information is to be shared.

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P2P Bank Routing Number Payments ATM 106

Finovate

MARCH 13, 2024

The partnership brings Sumsub’s Transaction Monitoring and Travel Rule solutions to the Chainalysis platform. With Travel Rule, Sumsub automates data transfers with counterparties to make sure firms remain compliant with regulatory obligations in different jurisdictions around the world.

Verification 59

Verification Blockchain Travel Rule Regulatory Compliance 59

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. Consequently, a multitude of financial institutions are preparing to launch stablecoins in 2024.

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APACS Regulations Stablecoins Cryptocurrency 115

The Fintech Times

JUNE 3, 2024

Mastercard Crypto Credential supports the exchange of travel rule information for cross-border transactions. The travel rule is a regulatory requirement to ensure transparency and prevent potentially illegal and illicit activities.

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Credential Visa Cross-Border Travel Rule 64

PYMNTS

JANUARY 24, 2021

The measure also includes a temporary restriction on permits for Israeli airlines and a limit on exceptions to previous travel rules implemented to blunt COVID-19, according to the release.

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Travel Rule Rules Risk Continuity 64

The Paypers

AUGUST 24, 2022

US-based PayPal has joined the Travel Rule Universal Solution Technology (TRUST) network in order to update its reporting requirements regarding the digital assets travel rule.

Regulatory Compliance 36

Regulatory Compliance PayPal Travel Rule Compliance 36

PYMNTS

DECEMBER 9, 2020

as the FATF Travel Rule solution. XREX offers all the infrastructure that MTOs require to help allow for global trade finance for purposes such as offering fiat bridges for offshore dollar banking or serving international commodity trading, per the report.

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AML Travel Rule Money Laundering Blockchain 70

PYMNTS

DECEMBER 10, 2020

Department of the Treasury, announced in November 2019 that it would begin strictly enforcing the “travel rule” for cryptocurrency exchanges. This rule forces exchanges to verify customers’ true identities as well as identify any senders and recipients of cryptocurrency transfers worth $3,000 or more.

AML 88

AML Cryptocurrency Money Laundering Compliance 88

The Fintech Times

NOVEMBER 27, 2024

Full-cycle verification platform, Sumsub has enhanced its Crypto Transaction Monitoring and Travel Rule solutions following an integration with Elliptic , the cryptoasset risk manager.

Transactions 59

Transactions Financial Crimes Crime Blockchain 59

Fintech News

JANUARY 24, 2024

These figures suggest that despite early claims that a clear regulatory framework would provide a solid foundation for Singapore to consolidate its position as Asia’s crypto hub and allow the nation to see the emergence of a thriving crypto sector, the rules have weeded out an awful lot of startups, among which Binance and Huobi.

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Service Provider Cryptocurrency Payments Institute Stablecoins 98

The Paypers

FEBRUARY 27, 2023

The Financial Action Task Force has planned the strengthening of standards for the Travel Rule in order for countries to accommodate safer virtual asset services.

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Travel Rule Rules 36

The Paypers

MARCH 3, 2023

Sumsub , a provider of security and transaction monitoring solutions, has launched its Travel Rule solution for the crypto industry, offering a customisable toolkit across the whole customer lifecycle.

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Travel Rule Compliance Rules Transactions 36

PYMNTS

OCTOBER 28, 2020

Fed Reserve, FinCEN Seek Input on Bank Secrecy Act Rule Changes. 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.

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ACH Cybersecurity Fincen Travel Rule 40

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

Fintech News

JULY 17, 2024

Singapore’s Payment Services Act (PSA) brings crypto businesses under regulatory oversight, imposing strict AML/CFT requirements.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

SEPTEMBER 24, 2019

CCN reported last week that the Financial Action Task Force (FATF), which is an inter-governmental body, has anti-money laundering (AML) standards in place that enforce what is known as a “travel rule” where transactions over $1,000 need to be identified.

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Bitcoin Travel Rule Cryptocurrency Money Laundering 72

The Paypers

JUNE 24, 2020

ING has developed a protocol to assist with the Financial Action Task Force ’s Travel Rule requirement for crypto transfers and companies dealing with digital assets.

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Travel Rule Rules 28

Neopay

MAY 7, 2024

This includes references to the travel rule and updates to sections on risk assessment and fraud. It’s important to note that while the FCG provides valuable guidance, it must be read alongside existing laws, rules, and guidance on financial crime.

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Financial Crimes Crime Risk Assessment Money Laundering 52

PYMNTS

JUNE 22, 2016

The gift cards can range up to $100, while savings on travel bookings typically come in at about 15 percent, reports said, adding that Upside can provide these incentives and discounts by negotiating with travel suppliers.

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Travel Rule Rules Automation Consumer 43