As wire transfer regulations (WTR) and the FATF Travel Rule grow more complex, payment service providers (PSPs) and virtual asset service providers (VASPs) face mounting pressure to embed clear ownership, oversight, and governance into their frameworks. Generic AML approaches are no longer enough — firms must build resilience through operational accountability and strategic control.
Key topics covered
- WTR & Travel Rule evolution: Uneven global implementation and intensifying regulatory expectations.
- Operational ownership: Why responsibility must sit in the first line, supported by risk functions and overseen by FCC teams.
- Governance blueprint: Using the three lines of defence and RACI models to clarify roles and accountability.
- Technical enablers: ISO 20022 migration, Travel Rule interoperability, and exception handling.
- Case studies: Real-world failures, governance pitfalls, and successful remediation strategies.
Who should read this?
- Compliance and risk leaders in PSPs, VASPs, and e-money institutions
- Heads of Payment Operations
- Financial Crime Officers, MLROs, and senior managers with AML/CTF accountability
- Board members, audit committees, and governance stakeholders
- Technology and operations teams implementing WTR and Travel Rule systems
Effective compliance demands more than policy documentation; it requires live execution, data integrity, and integrated governance.
Download the full white paper to discover how PSPs and VASPs can take ownership, strengthen oversight, and meet the compliance expectations of 2025 and beyond.
