Thu, April 24, 2025
Wed, April 23, 2025
Tue, April 22, 2025
Mon, April 21, 2025
Sun, April 20, 2025
Sat, April 19, 2025
Fri, April 18, 2025
Thu, April 17, 2025
Wed, April 16, 2025
Tue, April 15, 2025
Mon, April 14, 2025
Sun, April 13, 2025
Sat, April 12, 2025
Fri, April 11, 2025
Thu, April 10, 2025
Wed, April 9, 2025
Tue, April 8, 2025
Mon, April 7, 2025
Sun, April 6, 2025
Sat, April 5, 2025
Fri, April 4, 2025
Mon, March 31, 2025

FATF Travel Rule: A Step Toward Safer, More Transparent Web3 Finance


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -toward-safer-more-transparent-web3-finance.html
  Print publication without navigation Published in Business and Finance on by Forbes
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  From my point of view, the Travel Rule is not just a compliance checkbox but a trust-builder.

The article from Forbes Finance Council, published on April 16, 2025, discusses the implementation of the Financial Action Task Force (FATF) Travel Rule to enhance safety and transparency in Web3 finance. The Travel Rule requires virtual asset service providers (VASPs) to share originator and beneficiary information during transactions to combat money laundering and terrorist financing. The article outlines key steps for implementing the rule, including understanding its requirements, assessing the impact on existing systems, choosing compliant technology solutions, training staff, and establishing robust compliance programs. It emphasizes the importance of collaboration between VASPs, regulators, and technology providers to ensure a smooth transition and effective enforcement. The implementation of the Travel Rule is seen as a critical step toward building trust and integrity in the rapidly evolving Web3 financial ecosystem.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbesfinancecouncil/2025/04/16/how-to-implement-the-fatf-travel-rule-a-step-toward-safer-and-more-transparent-web3-finance/ ]

Publication Contributing Sources