Rule 2022 status not recorded
Virtual Asset and Initial Token Offerings Services (Travel) Rules 2022
Issued by Financial Services Commission
Effective: 1 Jul 2022
Summary
FSC rules made on 23 August 2022 under the VAITOS Act (Government Notice 226 of 2022) to supplement the transfer-information duty in section 19. They cover cross-border, batch and domestic transfers and require intermediary providers to keep the information for at least seven years. Deemed to have taken effect on 1 July 2022.
Topics: AML / CFT / Sanctions Payments & Fintech / Digital Assets
Who it applies to
Crypto / VDA
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Originator and beneficiary information on virtual asset transfers | With each transfer; intermediary providers keep records at least 7 years (r. 6) | FSC | official | |
Section 19 of the VAITOS Act requires the originating provider to obtain accurate originator and beneficiary information with each transfer and bars it from executing a transfer that does not comply (s. 19(4)). The Travel Rules 2022 add batch-file content (r. 5) and require intermediary providers to keep the information for at least seven years (r. 6). |
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| No obligations match these filters. | ||||
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