SEC implements Travel Rule for digital assets

Khaosod•Economy•6d ago

Reader Briefing

The Securities and Exchange Commission (SEC) has issued the Travel Rule for digital assets to prevent money laundering and cybercrime.

•The SEC issued the Travel Rule for digital assets to align with international standards and prevent financial crimes.
•Digital asset operators must collect and send transaction data between senders and recipients.
•The regulations require data storage for at least 5 years.
•The rules will become effective on February 27, 2027.

Overview

•The Securities and Exchange Commission (SEC) collaborated with the Anti-Money Laundering Office (AMLO) and other public and private partners to prevent cybercrime.
•The Securities and Exchange Commission (SEC) held public hearings on the principles in March – April 2026 and on the draft notification in June – July 2026.
•Digital asset operators must establish risk management policies and procedures for the transfer and receipt of digital assets.
•Digital asset operators must collect data on customers and counterparties, including verifying counterparty VASPs and self-hosted wallets.
•Ordering Digital Asset Operators must send transferor and transferee information to the Beneficiary Digital Asset Operator.
•Digital asset operators are required to store transaction data for at least 5 years in a format accessible to regulatory agencies.
•The Travel Rule for digital assets will take effect starting February 27, 2027.
•Secretary-General Pornanong Busaratrakul stated the rule aims to align with FATF international standards and increase credibility with foreign markets.

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Key Entities

Organization

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The regulatory body that issued the Travel Rule for digital assets to prevent money laundering and cybercrime.

Anti-Money Laundering Office(สำนักงานป้องกันและปราบปรามการฟอกเงิน)

The agency that collaborated with the SEC to determine risk management criteria for digital asset operators.

FATFℹ️

The international body whose standards the SEC is aligning with regarding anti-money laundering measures.

Subcommittee on Financial Data Linkage for Enhancing Monitoring of Suspicious Financial Transactions(คณะอนุกรรมการเชื่อมโยงข้อมูลทางการเงินเพื่อยกระดับการติดตามตรวจสอบธุรกรรมทางการเงินต้องสงสัย)

The subcommittee that resolved for the SEC to work with the Anti-Money Laundering Office to issue guidelines for digital asset operators.

Policy

Travel Rule for Digital Assets(หลักเกณฑ์ Travel Rule สำหรับสินทรัพย์ดิจิทัล)

Regulations requiring digital asset operators to manage risk and share transaction data to curb money laundering.

Person

Pornanong Busaratrakul(พรอนงค์ บุษราตระกูล)

The Secretary-General of the Securities and Exchange Commission.