Regulatory Alerts2024-12-11
Isle of Man Financial Services Authority Travel Rule Code Guidance
The Isle of Man Financial Services Authority issued this guidance to clarify obligations for Virtual Asset Service Providers under the Travel Rule Code 2024. The document mandates that VASPs securely transmit specific originator and beneficiary information with virtual asset transfers to combat money laundering and terrorist financing. It further details requirements for data accuracy, risk assessments for unhosted wallets, and handling of transfers below the de minimis threshold or involving non-compliant jurisdictions.
Share