BSP Reminds Banks To Strengthen Measures Against Money Laundering
The BSP has reminded banks anew to make sure their institutions will not be used for money laundering.
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FATF
[Newsletter] CryptoPH Wrap-up – BSP Wants More Crypto Surveillance?
Are the recent “dismissiveness” about crypto by our regulators is really because the Philippines is still in the FATF Gray list?
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PDAX Taps Notabene for Travel Rule Compliance
This initiative is meant to implement the firmâs compliance with the âTravel Rule,â a government policy that requires customers to divulge personally identifiable information when their transactions exceed a certain threshold.
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FATF Guidance: NFTs Should Be Regulated Case-by-Case
In cases where NFTs are used in such a way that falls under FATF standards, the body insists that it should still be regulated using a âfunctional approach.â
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What is the FATF Guidance on DeFi?
Even if the design of DeFi lets transactions happen without intermediaries, anyone behind the DApp would still be responsible for AML checks.
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The FATF Red Flags Report is Reactive Guidance to the Cryptocurrency Industry
The FATF document consists of six red flag indicators that may indicate suspicious activities or attempts to evade law enforcement.
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The FATF, Cryptocurrencies, and the Philippines
BitPinas’ introductory article about the Financial Action Task Force or FATF.
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What is the FATF Travel Rule on Cryptocurrency?
The Travel Rule states that countries must ensure that “…beneficiary VASPs (Virtual Asset Service Providers) must obtain and hold required originator information and required and accurate beneficiary information on virtual asset transfers and make it available on request to appropriate authorities.”
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