The Paypers

MAY 2, 2024

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

Travel Rule 45

Travel Rule Rules Compliance Verification 45

The Paypers

MAY 24, 2023

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

Travel Rule 36

Travel Rule Rules Transactions 36

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.

Travel Rule 36

Travel Rule Rules Transactions Security 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. The amount of money laundering crime may exceed $4.3

Travel Rule 55

Travel Rule Rules Fincen Money Laundering 55

The Paypers

NOVEMBER 1, 2022

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

Travel Rule 36

Travel Rule Rules Cryptocurrency Technology 36

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.

Travel Rule 28

Travel Rule Rules Compliance Blockchain 28

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.

Verification 96

Verification Travel Rule Multi-Currency Compliance 96

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 92

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 92

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.

APACS 95

APACS Travel Rule Payments Regulations 95

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 92

Transactions Security Deepfake Travel Rule 92

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. The amount of money laundering crime may exceed $4.3

Rules 50

Rules AML Travel Rule Fincen 50

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

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.

Credential 64

Credential Visa Cross-Border Travel Rule 64

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.

Travel Rule 36

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.

Travel Rule 36

Travel Rule Compliance Rules Transactions 36

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

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

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.

Travel Rule 109

Travel Rule Privacy Rules Continuity 109

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. The two organizations have joint authority on the recordkeeping rule and have together found appropriate changes.

ACH 40

ACH Cybersecurity Fincen Travel Rule 40

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.

Travel Rule 28

Travel Rule Rules 28

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.

AML 70

AML Travel Rule Money Laundering Blockchain 70

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.

APACS 97

APACS Regulations Stablecoins Cryptocurrency 97

Neopay

MAY 7, 2024

This includes references to the travel rule and updates to sections on risk assessment and fraud. Cryptoassets: adapting to digital innovations With the rising prominence of cryptoassets, the FCA proposes clearer guidelines for cryptoasset businesses to ensure compliance with anti-money laundering and counter-terrorist financing laws.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

Neopay

JANUARY 25, 2024

The EBA has published Guidelines on risk-based AML/CFT supervisors of crypto-asset service providers (CASPs) and is currently consulting on the new Guidelines to prevent the abuse of fund and crypto-asset transfers for ML/TF purposes (the ‘Travel Rule Guidelines’), and on Guidelines on internal policies, procedures and controls to comply with (..)

Service Provider 52

Service Provider Risk Due Diligence 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.

P2P 106

P2P Bank Routing Number Payments ATM 106

Fintech News

JULY 17, 2024

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

Money Laundering 89

Money Laundering Law Enforcement AML Non-Bank 89

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.”

Travel Rule 49

Travel Rule Rules Digital Currency Cryptocurrency 49

FICO

AUGUST 16, 2021

It is expected that spend will continue to increase, although levels may not be as high as anticipated because of the ongoing confusion around foreign travel rules. Higher levels of savings may also continue to blur the picture of those negatively impacted by the winding down of the furlough scheme and further business closures.

Credit Cards 52

Credit Cards Travel Rule Issuers Card Issuer 52

FICO

OCTOBER 12, 2021

million people. Rising energy, fuel and food prices coinciding with Christmas could add to existing or cause financial issues for some card users.

Credit Cards 52

Credit Cards Consumer Travel Rule Issuers 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.

Travel Rule 43

Travel Rule Rules Automation Consumer 43

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.

Bitcoin 72

Bitcoin Travel Rule Cryptocurrency Money Laundering 72

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

Global Fintech & Digital Assets

JANUARY 8, 2024

The FRS issuer would need to have appropriate senior management, risk management, and anti-money laundering / counter-financing of terrorism controls (including for conducting customer due diligence and complying with the travel rule) for its operations. Standard supervisory powers granted to the HKMA.

Stablecoins 59

Stablecoins Consulting Issuers Non-Bank 59

Fintech News

JANUARY 24, 2024

Per FATF (Financial Action Task Force) standards, compliance with the Travel Rule mandates DPT services to share client information for transactions, ensuring further safety in digital transfers. Entities providing DPT services before 28 January 2020 are temporarily exempted from licensing under specific conditions.

Service Provider 96

Service Provider Cryptocurrency Payments Institute Stablecoins 96

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

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.

Travel Rule 64

Travel Rule Rules Risk Continuity 64