FATF Travel Rule Requirements in Singapore

Since 2020, Singapore has rigorously enforced the Crypto Travel Rule, compelling Virtual Asset Service Providers (VASPs) to implement stringent anti-money laundering and counter-terrorism measures. This encompasses extensive record-keeping and detailed reporting, ensuring thorough verification of both originator and beneficiary information in crypto transactions.

Download our detailed jurisdiction guide for an in-depth look at Singapore's cryptocurrency regulation.

Highlights include:

• a timeline of pivotal regulatory developments
• an exploration of the specific personally identifiable information (PII) requirements for both local and international transfers, and a focus on the distinctive handling of non-custodial wallet transactions.
• the transaction thresholds that trigger compliance
• … and more