South Korea Officially Moves to Close Travel Rule Loophole
At the end of 2025, South Korea was contemplating stricter implementation of the Travel Rule, going beyond the minimum standards set by the Financial Action Task Force (FATF) in an effort to clamp down on the most common loopholes that criminals were exploiting. Now, in 2026, South Korea has begun to implement this policy. Whilst South Korea might have been the first country to consider this, it won’t be the last, as governments around the world eye zerothreshold transparency in a bid to crack down on illicit activity.
