Regulatory Leadership in a Fragmented Landscape

North America and the Caribbean play a pivotal role in shaping the global regulatory landscape for the FATF Travel Rule and wider wire transfer regulations. As home to some of the world’s largest financial markets and most influential regulatory bodies, the region demonstrates a complex blend of federal and provincial/state-level oversight, rapid legislative innovation, and evolving enforcement strategies.

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The Caribbean, while comprising smaller economies, has shown proactive alignment with FATF standards due to its strategic position in international finance and its vulnerability to illicit flows. Several jurisdictions have acted swiftly to embed Travel Rule obligations into national legislation, often under close FATF scrutiny or through regional bodies such as the Caribbean Financial Action Task Force (CFATF).

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This page provides a detailed overview of the regulatory approaches taken by the United States, Canada, Mexico, and key Caribbean jurisdictions toward the implementation of the Travel Rule and related obligations.