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

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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/ ]