Travel Rule Requirements in Hong Kong

Hong Kong has implemented a comprehensive virtual asset regulatory framework aligned with FATF standards, with Travel Rule obligations applying across a growing range of digital asset activities. The regime initially applied to Virtual Asset Service Providers (VASPs) and now extends to licensed stablecoin issuers under Hong Kong’s expanded AML/CFT framework.

This guide covers:

• When and how the FATF Travel Rule applies in Hong Kong
• Travel Rule requirements for SFC-licensed Virtual Asset Service Providers (VASPs)
• AML/CFT and Travel Rule obligations for licensed stablecoin issuers under the Stablecoins Ordinance
• Supervisory roles of the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA)
• Key compliance expectations for entities operating in or from Hong Kong

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Related posts:

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🔗 A Deep Dive into Hong Kong’s New AML Guidelines for VASPs: Part I

🔗 A Deep Dive into Hong Kong’s New AML Guidelines for VASPs: Part II