This white paper presents a strategic blueprint for Payment Service Providers (PSPs) and Virtual Asset Service Providers (VASPs) to embed clear ownership, robust oversight, and operational accountability into wire transfer regulation and FATF Travel Rule compliance, ensuring resilience, regulatory alignment, and trust in an evolving threat landscape.

This white paper provides UK payment service providers with a practical framework for assessing and managing wire transfer regulation risks, highlighting the need for dedicated controls beyond traditional AML approaches.

This white paper outlines the key requirements of the UK wire transfer regulations, its alignment with MLR 2017 and the FATF Travel Rule, and best practices for payment service providers to ensure compliance, mitigate financial crime risks, and meet regulatory expectations.