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ARTICLE · 20 AUGUST 2025

FATF Revises AML Standards For Certain Funds Transfers

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On June 18, 2025, the Financial Action Task Force ("FATF") revised the Travel Rule requirements for certain funds transfers (the "2025 Revisions").

United StatesGovernment, Public Sector
Matthew Bisanz
Matthew Bisanz
Brad Resnikoff
Brad Resnikoff
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On June 18, 2025, the Financial Action Task Force ("FATF") revised the Travel Rule requirements for certain funds transfers (the "2025 Revisions"). The 2025 Revisions are intended to adapt anti-money laundering ("AML") compliance standards to changes in the payments business, including the development of different products and services, new types of market participants, business models, technologies, and messaging standards, as well as evolving risks and vulnerabilities.

The 2025 Revisions generally take effect at the end of 2030 and must be adopted by individual jurisdictions. In this Legal Update, we provide background on the Travel Rule and describe the changes in the 2025 Revisions.

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