Group Backed By ING Bank, Fidelity And Standard Chartered Releases Crypto AML Tools
The 25-member Travel Rule Protocol (TRP) working group, which includes Standard Chartered, ING Bank and Fidelity Digital Assets, has published the TRP API version 1.0.0. TRP is a working group favored by banks and traditional financial institutions and focusing on bringing crypto in line with global anti-money laundering (AML) standards.
The product aims to offer a straightforward way for firms to swap identification data about the originators and beneficiaries of crypto transactions, as per the requirements of global AML watchdog the Financial Action Task Force (FATF).
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