Asia-Pacific

How Asia-Pacific is Responding to the FATF Travel Rule

As the Asia-Pacific region continues to emerge as a dynamic hub for digital finance, regulators across the region are increasingly aligning with global standards to prevent the misuse of virtual assets for money laundering and terrorism financing. This section provides an overview of key legislative developments, regulatory guidance, and implementation timelines related to the FATF Travel Rule across Asia-Pacific jurisdictions. From pioneering frameworks in Singapore and Japan to evolving guidance in Australia, South Korea, and the wider ASEAN bloc, we examine how the region is interpreting and enforcing wire transfer obligations in the context of PSPs, VASPs, cross-border transactions, and emerging risks.