Money Laundering Bulletin
FinCEN proposes ‘Travel Rule’ threshold cut to US$250 for international transfers
TheUS ‘Travel Rule’, which requires originator details be sent in payment instructionsto each receiving institution in the
transfer chain, would apply to amountsover US$250, down from the current US$3,000 threshold, under a proposal fromthe Financial
Crimes Enforcement Network (FinCEN). [1]