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Revised FATF Standards on Virtual Assets 12-Month Review

Jurisdictions Race to Implement Regulation Regimes for Virtual Asset Service Providers while Industry Develops Travel Rule Solutions On June 24, 2020, the Financial Action Task Force met, albeit virtually, for the third and final Plenary meeting under President Xiangmin Liu, of the People’s Republic of China, to review progress towards implementing new anti-money laundering guidance…

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Simplifying Global Payment Compliance– TRISA’s Travel Rule Solution Welcomes Interoperability with PayID

Over the past year, Virtual Asset Service Providers (VASPs) have been scrambling to prepare for compliance with significant regulatory changes called for by the international financial crimes watchdog, the Financial Action Task Force (FATF). In June of 2019, the FATF updated their Recommendations that require VASPs to share specific sender and receiver information for cryptocurrency…

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