FATF STANDARDS AND THE IMPLEMENTATION OF THE TRAVEL RULE IN PREVENTING CRYPTO-RELATED MONEY LAUNDERING

Авторы

  • Sabokhat Abdullaeva Автор

DOI:

https://doi.org/10.47390/ydif-y2025v1i10/n04

Ключевые слова:

FATF, Travel Rule, cryptocurrency, money laundering, virtual assets, VASPs, AML compliance, blockchain.

Аннотация

The rapid expansion of virtual assets has created unprecedented challenges for global anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks. This paper examines the FATF Travel Rule (Recommendation 16) and its effectiveness in preventing cryptocurrency-related money laundering. Analysis of 205 jurisdictions reveals that while 85 jurisdictions implemented Travel Rule legislation by 2025, critical challenges remain: only 35 jurisdictions have taken enforcement actions, the "sunrise issue" persists, and technological interoperability barriers exist. The research demonstrates that effective implementation can significantly reduce illicit cryptocurrency transactions, which dropped from $31.5 billion in 2022 to $22.2 billion in 2023. Achieving comprehensive global compliance requires addressing technical infrastructure limitations, enhancing supervisory capacity, and fostering public-private collaboration.

Библиографические ссылки

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Загрузки

Опубликован

2025-11-21

Выпуск

Том 1 № 10 (2025): НАУКА НОВОГО ВРЕМЕНИ: ИННОВАЦИОННЫЕ ИДЕИ И РЕШЕНИЯ ДЛЯ ЧЕЛОВЕКА

Раздел

Articles

Лицензия

Лицензия Creative Commons

Это произведение доступно по лицензии Creative Commons «Attribution» («Атрибуция») 4.0 Всемирная.

Как цитировать

Abdullaeva, S. (2025). FATF STANDARDS AND THE IMPLEMENTATION OF THE TRAVEL RULE IN PREVENTING CRYPTO-RELATED MONEY LAUNDERING. НАУКА НОВОГО ВРЕМЕНИ: ИННОВАЦИОННЫЕ ИДЕИ И РЕШЕНИЯ ДЛЯ ЧЕЛОВЕКА, 1(10), 17-24. https://doi.org/10.47390/ydif-y2025v1i10/n04