When it comes to global compliance and Anti-Money laundering, all of us at KoinKoin have our eyes on the ball! We've been keenly following the FATF guidelines since we started building our world class platform.
The Financial Action Task Force (FATF) is an intergovernmental organisation founded in 1989 on the initiative of the G7 countries to develop policies to combat money laundering. In June 2019, the FATF revised its Recommendation 16 – ‘Travel Rule’ providing innovative policies for Crypto exchanges. Since then, global regulators have transposed the new guidelines into national laws.
KoinKoin Ltd is now a member of TRISA! The Travel Rule Information Sharing Alliances (TRISA) is the leading non-profit, open-source Travel Rule compliance initiative that implements standardised messages which includes location data and contact information for over 800 VASPs. TRISA allows Virtual asset and financial institutions to comply with the Financial Action Task Force (FATF) and Bank Secrecy Act (BSA) requirements as well as Travel Rule AML requirements. KoinKoin participates on the TRISA roundtable of leading industry Crypto experts and regulators.
TRISA is the global Standard for a secure Directory of over 800 Virtual Asset Companies (VASP) and Secures Data Transmission. It was designed to meet global regulators’ aggressive Travel Rule enforcement. It supports sharing sender and receiver information to comply with Travel Rule requirements without compromising privacy.
Another important step for all of us at Koinkoin showing that KoinKoin's AML/CTF regime is benchmarked and aligned to global standards and fine-tuned to ensure maximum compliance.