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]The rest of this document is only available to i-law.com online subscribers.
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