SEC delays Travel Rule enforcement to February 2027

MGR Online•Economy•14d ago

Reader Briefing

The SEC has issued the Travel Rule for digital asset businesses, but enforcement is delayed until February 2027.

•The SEC announced the Travel Rule to require digital asset businesses to collect and send sender and recipient data for all transactions.
•The regulation was signed on August 25, 2026, but will not take effect until February 27, 2027.
•The SEC is implementing these measures while the AMLO prepares its own regulations under money laundering laws.
•The rule aims to align Thailand with FATF international standards to combat cybercrime and money laundering.

•The Securities and Exchange Commission (SEC) issued the Travel Rule requiring Virtual Asset Service Providers (VASP) to identify senders and recipients of all digital asset transfers.
•The Travel Rule includes four main requirements: systematic risk management policies, collection of customer and counterparty data, attachment of transferor/transferee information to transactions, and data retention for at least 5 years.
•The SEC signed the announcement on August 25, 2026, but the rules become effective on February 27, 2027.
•The SEC provided a preparation period until February 2027 to allow digital asset businesses to develop systems for data transmission and transaction verification.
•The SEC is acting on a resolution from the Sub-committee on Financial Data Linkage to implement these guidelines while the Anti-Money Laundering Office (AMLO) prepares its own regulations.
•A gap of nearly 6 months exists before enforcement, which may allow illicit funds to move through cryptocurrency in Thailand.
•Verifying ownership of self-hosted wallets remains a technical challenge that may allow users to avoid oversight by moving funds to private wallets.
•The Travel Rule is intended to prevent digital assets from being used as funding channels for call center gangs and transnational scam networks.

Full article content is available on the original source.

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The regulatory body that issued the Travel Rule for digital asset businesses in Thailand.

SEC(ก.ล.ต.)

The abbreviated name of the Securities and Exchange Commission.

Anti-Money Laundering Office(สำนักงานป้องกันและปราบปรามการฟอกเงิน)

The agency responsible for money laundering laws that is preparing its own regulations.

AMLO(ปปง.)ℹ️

The abbreviated name of the Anti-Money Laundering Office.

Sub-committee on Financial Data Linkage(คณะอนุกรรมการเชื่อมโยงข้อมูลทางการเงินฯ)

The committee that resolved to have the SEC and AMLO issue the Travel Rule guidelines.

The international body whose standards the Travel Rule is designed to align with.

Pornanong Busaratrakul(พรอนงค์ บุษราตระกูล)

The Secretary-General of the SEC.

Travel Rule

A risk management regulation for the transfer and receipt of digital assets based on international standards.

Singapore(สิงคโปร์)ℹ️

A country that has already implemented the Travel Rule.

Hong Kong(ฮ่องกง)ℹ️

A territory that has already implemented the Travel Rule.

Japan(ญี่ปุ่น)ℹ️

A country that has already implemented the Travel Rule.