Financial Crime Insights: The FATF Travel Rule Is Two Years Overdue at Most VASPs. Here’s Why That’s Dangerous.
The FATF Travel Rule Is Two Years Overdue at Most VASPs — Here’s Why That’s Dangerous The Financial Action Task Force first extended Recommendation 16 — the so-called “Travel Rule” — to virtual asset service providers in June 2019. Six years later, FATF’s own data tells a sobering story: roughly 75% of jurisdictions have not…