Travel Rule Enforcement is Here: Everything You Need to Know to Comply

Presented by

Dave Jevans, CEO CipherTrace

About this talk

Since the issuance of FATF’s virtual asset guidance, some jurisdictions, such as Canada, Singapore, Switzerland and Hong Kong, have already forbidden exchanges from operating without licenses that enforce Travel Rule compliance—regulations that requires Virtual Asset Service Providers to securely share certain sender and receiver information with each other for cryptocurrency transactions. On July 5, the FATF announced that one of its major next steps will be to accelerate the implementation of the Travel Rule globally. In the US, the rule has technically already been in place, though until now seldom enforced. In the last year, the FinCEN has decidedly refocused on the regulation by proposing several new rules for crypto payments to explicitly apply the Travel Rule to US exchanges, trading desks, crypto kiosks, and custody providers. Is your institution ready for the Travel Rule? What you’ll learn: -What the FATF Travel Rule guidance is and how it compares to global Travel Rule laws -Best practices to ease Travel Rule compliance burdens -Why your crypto business needs to adopt a Travel Rule solution in 2021 -How to get started now with open-source and commercial Travel Rule solutions
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As crypto becomes more mainstream, ignoring it is not just impossible but potentially costly. Information presented here is for banks, financial institutions, law enforcement officials, and regulators tasked with minimizing risk and protecting their constituents.​ New content is posted frequently and is presented by industry experts with experience investigating and fighting financial crime. Topics cover everything from crypto basics to actionable insights gleaned from real-world crypto-related frauds and scams, ransomware attacks, money laundering schemes, and other criminal activity.