APAC KYC, KYT and Travel Rule:
Closing the Gap Between Who You Onboard and What They Do On-Chain
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A customer clears verification. Documents check out, liveness passes, sanctions screening comes back clean. Six weeks later the account is receiving funds from a scam compound off-ramp, or executing high-value transfers without the required originator and beneficiary details attached.
Experts from TRM Labs and Sumsub will discuss live what that looks like operationally for compliance teams in Singapore, Australia, New Zealand and India.
TRM's 2026 Crypto Crime report has found that stablecoins carried 84% of verified fraud inflows in 2025, up from about 70% in 2024. Nearly 95% of inflows to sanctioned entities were in stablecoins. In the same light, Sumsub's 2026 Identity Fraud Report found deepfake and synthetic fraud in APAC rose 142% year on year and now accounts for 15.7% of all fraud attempts in the region. TRM will show what those same accounts look like once approved, and how identity signals and on-chain attribution together surface the network behind an individual account rather than the account alone.
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Across APAC, the distance between a clean onboarding decision and what that customer actually does on-chain is where most financial crime now sits. Regulators have moved aggressively to close these gaps:
Travel Rule Enforcement: Monetary Authority of Singapore (MAS) under the Payment Services Act, AUSTRAC, and FIU-IND strictly mandate the Travel Rule — requiring Virtual Asset Service Providers (VASPs) to collect, verify, and transmit originator and beneficiary information for cross-border crypto transfers to eliminate anonymous counterparty risk.
Broader Regional Obligations: FIU-IND’s updated guidelines expect VDA providers to run blockchain analysis alongside traditional KYC. AUSTRAC’s Tranche 2 obligations, live from 1 July 2026, put ongoing customer due diligence at the center of the regime, while MAS continues to restrict access to banking and telco facilities for identified mules.
