Top industry experts share their guidance on the Travel Rule in a comprehensive online learning course aimed at crypto professionals LONDON , Oct. 3, 2024 /PRNewswire/ -- Today, Sumsub , a global full-cycle verification and ongoing monitoring platform, announces the start of a comprehensive Travel Rule educational course designed to provide VASPs (Virtual Asset Service Providers) and compliance specialists in the crypto industry with the latest changes in regulations, technical standards, and business processes related to the Travel Rule. VASPs are under increasing regulatory pressure to comply with the Travel Rule, or FATF's Recommendation 16, to ensure their businesses operate legally.
The Travel Rule, which requires the exchange of sender and recipient information in virtual asset transfers, has become a crypto industry standard. While it has already been implemented in countries like the US, the UK, Canada , South Korea , Japan , Singapore , Hong Kong , the UAE, Germany , and Switzerland , and will soon be enacted in the EU, there are still significant knowledge gaps and implementation challenges in various regions around the world. The course starts on October 3 , and within a month it will provide structured guidance and practical insights from a diverse group of crypto industry experts and compliance professionals, offering a customizable approach to navigate the regulatory landscape.
The course is designed to educate VASPs, compliance managers, risk officers and crypt.
