FIU rushes to Paris to publicly urge attention to the risks of cross-border money laundering—tightening of the Travel Rule worldwide is only a matter of time; exchanges that get compliant early can actually capture the dividends.

According to FIU, the FATF Paris plenary session stated that the risk of cross-border digital asset money laundering is increasing, and the Travel Rule should be applied to both remittance senders and recipients' VASPs, and extended to small transactions. It is recommended to strengthen due diligence on overseas unregistered VASPs, restrict high-risk unregistered VASP transactions, monitor emerging risks such as stablecoins and DeFi, and enhance global cooperation. The Korean FIU previously proposed expanding the scope of the Travel Rule from transactions above 1 million Korean won to transactions below that amount.