FATF Travel Rule Requirements in the Philippines

Starting January 26, 2021, the Bangko Sentral ng Pilipinas (BSP) requires all Virtual Asset Service Providers (VASPs) to follow robust security standards. 

These include adherence to the Financial Action Task Force (FATF) guidelines, implementing anti-money laundering measures, reporting suspicious transactions, and conducting thorough customer due diligence.

Download the guide above to learn important information about cryptocurrency regulations in the Philippines, including:

• The timeline of regulatory action
• Required personally identifiable information to be shared
• The minimum threshold that triggers Travel Rule compliance in the Philippines, and more