Several "hotspots"
• unregulated #VirtualAssetServiceProviders #VASPs being used by #TransnationalCriminalOrganizations #TCOs for rapid cross-border value txfr
• Convergence Zones
• FATF Standards
how #African nations adapt to #FinancialActionTaskForce #FATF requirements to avoid #grey-listing
🧵 5/5

New MONEYVAL Report on VAs, VASPs & AML/CFT New MONEYVAL Report on VAs, VASPs & AML/CFT

The Council of Europe’s MONEYVAL released a new report on virtual assets #VAs, Virtual Asset Service Providers #VASPs, #AML/CFT and sanctions evasion risks.

IVMS101: The Test of True Travel Rule Compliance Interoperability has become the real measure of readiness under the Travel Rule. The interVASP Messaging Standard 101 (IVMS101) was developed to create a single, consistent data format for originator ...

Interoperability, not implementation, has become the true test of Travel Rule compliance, and IVMS101 is where many VASPs are quietly falling short. wix.to/pCqYerd
#IVMS101 #TravelRule #FATF #AML #Compliance #RegTech #Crypto #VASPs

Identity Matters: How VASPs Verify Customers to Meet UK MLR & Travel Rule Requirements As the cryptoasset sector continues to evolve, regulation is rapidly catching up with technological innovation. In the UK, Virtual Asset Service Providers (VASPs) must ensure that robust customer iden...

UK VASPs face rising pressure to get identity verification right as the MLRs and FATF Travel Rule tighten expectations.
#VASPs #Cryptocurrency #Crypto #WTR #WireTransferRegulation #MLR #AML #KYC #Compliance #TravelRule #FATF #FCA #DigitalIdentity

Peaks & Troughs: What WTR Reporting Fluctuations Reveal About AML Oversight The Mystery of the CurveIn theory, regulatory reporting should be a steady drumbeat. If Payment Service Providers (PSPs) repeatedly fail to transmit names and addresses under the Wire Transfer Regulat...

97 reports in 2021. Just 25 in 2023. Are firms getting better at compliance - or simply giving up on reporting because the FCA never responds?
#WireTransferRegulation #WTR #AML #Compliance #FCA #PSPs #VASPs #RepeatOffenders #Enforcement

FCA Data Exposes Gaps in Enforcement of AML: Hundreds of Breaches, No Visible Consequences The UK’s financial regulator has been quietly collecting hundreds of warnings about repeat anti-money laundering (AML) breaches. What it hasn’t been able to show is whether it has acted on them.A Warn...

265 red flags. 0 visible sanctions. Our latest analysis shows the FCA has collected years of WTR breach notifications, but can’t demonstrate a single enforcement action.
#WireTransferRegulation #WTR #AML #Compliance #FCA #PSPs #VASPs #RepeatOffenders #Enforcement

🇵🇰 دعت هيئة الأصول الافتراضية الباكستانية PVARA المنصات العالمية المرخصة دوليًا للتقدّم بطلب تراخيص للتشغيل في باكستان ضمن إطار التشريعات الجديدة (Virtual Assets Ordinance 2025). السوق فيها أكثر من 40 مليون مستخدم ويتداول سنويًا بأكثر من 300 مليار دولار. #Pakistan #Crypto #Regulation #PVARA #VASPs

Pakistan Opens Crypto Licensing to Global Exchanges
https://coinmarketcap.com/community/post/368245316

#Pakistan #Crypto #Bitcoin #Regulation #VASPs #Blockchain

Who Owns the Wire Transfer Regulations? Defining Accountability for WTR Compliance As regulatory scrutiny intensifies, payment service providers (PSPs) and virtual asset service providers (VASPs) must reassess their compliance posture with the wire transfer regulations (WTR), a core...

Who really owns wire transfer regulation compliance? FCC may hold the responsibility, but success depends on flawless execution by Payment Operations and strategic input from Business Risk.
#Payments #WireTransferRegulation #WTR #FATFTravelRule #VASPs #PSPs #AML #RegTech #Compliance #Governance

Taking Ownership: Embedding Control, Accountability & Oversight into WTR Frameworks | WTR

WTR failures often stem from unclear ownership, not just technical gaps. Our latest white paper explores practical governance models to embed accountability across all PSPs and VASPs.
#WTR #FATFTravelRule #AML #FinancialCrime #Compliance #Governance #Payments #VASPs #OpusDatum #WTRKnowledgeHub

Rethinking FATF Recommendation 16: Evolution, Not Revolution In the wake of the Financial Action Task Force's (FATF) June 2025 revision to Recommendation 16, much of the industry commentary has leaned toward framing this update as a watershed moment for global ...

#FATF #Recommendation16 #PaymentTransparency #WireTransferRegulation #PSPs #VASPs #AML #CFT #sanctions #ISO20022

Beyond Borders: Wire Transfer Regulations in a Globalised Financial System In a world where money crosses borders at the speed of a keystroke, the rules designed to protect financial systems are straining under the weight of globalisation. With 195 recognised countries inter...

Explore how Wire Transfer Regulations have evolved under globalisation, the paradox of harmonisation vs. localisation, and why institutions must embrace complexity as the new normal.
#WireTransferRegulations #WTR #AML #Compliance #FATF #TravelRule #PSPs #VASPs #CrossBorderPayments #Regulation

🚨 صنّفت لوكسمبورغ شركات خدمات الأصول الافتراضية (VASPs) ككيانات عالية المخاطر لغسل الأموال في تقرير 2025، مشيرةً إلى ضعف الامتثال وسهولة نقل الأصول عبر الحدود. هذا التصنيف قد يُسرّع تنفيذ لائحة MiCA في الاتحاد الأوروبي. #لوكسمبورغ #غسل_الأموال #VASPs #MiCA #CryptoRegulation

Dubai VARA gives VASPs until June 19 to comply with new rulebook guidelines Dubai’s VARA has given virtual asset service providers until June 19 to comply with Version 2.0 of its activity-based Rulebooks in a push to strengthen market integrity and risk oversight.

Dubai VARA gives VASPs until June 19 to comply with new rulebook guidelines Dubai’s Virtual Assets Regulatory Authority has given virtual asset service providers until June 19 to comply with Version 2.0 of its activity-based... @cosmicmeta.io #VASPs

https://u2m.io/bwk9uRD7

crypto projects Archives - Finance with Tapos Kumar

#Taiwan Tightens #Crypto Rules, #JuCoin Steps In!
Taiwan’s FSC proposes VASA to regulate crypto. JuCoin Exchange enters the market!
✅ #VASPs need licenses
✅ KYC & AML compliance required
✅ Foreign firms must register

Will this boost Taiwan’s crypto growth?
🔗 Read: financeideas.org/category/cry...

東南アジアで無認可VASPsの犯罪化をUNが推奨 - GameFi情報局 - % 東南アジアで無認可VASPsの犯罪化をUNが推奨 - GameFi情報局 -

🚨【重要】東南アジアでサイバー詐欺対策強化🚨
UNODCが無認可VASPsを犯罪化するよう各国に提案！AIや暗号資産を悪用した詐欺が急増中。詐欺グループの手口や対策をしっかりチェックしよう！👇
#サイバーセキュリティ #暗号資産 #詐欺対策 #VASPs #UNODC

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