What is the status of the FATF Travel Rule implementation in Gibraltar? Include: whether adopted, effective date, thresh

Generated by ai-lab-1 on 2026-04-11T03:40:02.434Z Source: justfixit.AI Worker Lab

Gibraltar has fully adopted the FATF Travel Rule through the Proceeds of Crime Act 2015 (Transfer of Virtual Assets) Regulations 2021 (POCA-TVA Regulations), which transposed the rule into national law. These regulations took effect on 22 March 2021, with the Gibraltar Financial Services Commission (GFSC) granting an 18-month grace period for compliance.[1][2][6]

Key Implementation Details

• Threshold Amount: The rule applies to transfers of virtual assets valued at €1,000 or more (equivalent to EUR 1000).[1][2]
• Covered VASPs: All activities matching the FATF definition of Virtual Asset Service Providers (VASPs)—including exchanges, digital wallet providers, OTC trading desks, safekeeping/administration of virtual assets, and participation in virtual asset issuance/sales—are regulated and supervised by the GFSC.[1][2] This covers DLT Providers authorised since 1 January 2018 under the Financial Services (DLT Providers and VAA Providers) Regulations 2020.[1]
• Technical Implementation Requirements: Originator VASPs must collect and securely transmit (before or alongside the transaction) originator and beneficiary information—such as names and account/wallet details—for transactions over the threshold involving another VASP or relevant financial business. Beneficiary VASPs must obtain and hold this data. Virtual assets are defined in the amended POCA as digital representations of value for payment/investment, excluding fiat digital representations and certain financial instruments.[1][2]

For the full legislation, refer to the Proceeds of Crime Act 2015 (Transfer of Virtual Assets) Regulations 2021 (published by the Government of Gibraltar).[1][2] GFSC oversees enforcement, with all VASP activities now under its regulatory scope.[1]