What we know about the US Travel Rule WG?
We talk with many compliance officers worldwide, and one of the number one questions we’ve received in the last few weeks is about the US Travel Rule WG. What is it, and will we support it? Most of the information that is available publicly comes from a talk given by Coinbase’s Jeff Horowitz at the recent GDF Travel Rule summit. Through conversations with companies involved, we’ve been able to piece together a reasonably good idea of what it is and also more importantly, what it isn’t. The US Travel Rule WG was designed to allow MSB’s licensed by the US regulator FinCEN to rapidly implement and comply with the US Travel Rule, which is defined in the Bank Secrecy Act.