All posts tagged "travel rule"
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194AML / KYCJapan Crypto Industry to Adopt Travel Rule by April 2022
The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan's crypto industry.
April 7, 2021 -
282AML / KYCKorea’s New AML Law for VASPs Set to Take Effect
From 25 March, VASPs will have six months to register with KoFIU, and must start report suspicious transactions. The travel rule will apply one year later.
March 23, 2021 -
257AML / KYCFATF Seeks Stakeholder Views on Updated VASP Guidance
Views are sought from academics, policy bodies, VASPs, technology developers and providers, other regulated entities such as banks, and authorities.
March 22, 2021 -
211AML / KYCFSC Korea Proposes New Penalty Standards for VASPs
FIs and VASPs can be penalised for failing to report and maintain records of suspicious transactions, and failures to properly manage customers’ transactions records.
March 11, 2021 -
276AML / KYCFATF Concludes Second Plenary Under German Presidency
The FATF has finalised guidance on risk-based supervision, terrorist financing, and arms trafficking, as well as draft guidance on proliferation financing, and virtual assets.
February 26, 2021 -
234AML / KYC
FSC Korea Proposes Additional Rule Changes for VASPs
The changes add to revisions proposed in November to align requirements for VASPs with the FATF recommendations.
February 19, 2021 -
1.5KAML / KYC
FSC Korea to Introduce FATF-aligned AML Rules for VASPs
Under the new rules, the ‘travel rule’ will apply to VASPs in respect of all virtual asset transactions worth more than KRW 1 million.
November 5, 2020 -
1.4KAML / KYCUS Agencies Target Cross-border Transfers in Proposed Rule Change
Financial institutions will have to collect, retain, and transmit information related to any international transaction over $250, including those involving crypto assets.
October 26, 2020 -
1.4KAML / KYCFATF Highlights Progress to Adopt AML Standards for Virtual Assets
35 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.
July 8, 2020 -
595AML / KYC
FATF Progresses Key Initiatives at June 2020 Plenary
The Plenary discussed progress on virtual assets, stablecoins, illegal wildlife trade, and work on an enhanced framework for mutual evaluations and follow-up.
July 1, 2020
