Russia -- Travel Rule Implementation Regulatory Overview

Russia has not implemented the FATF Travel Rule for virtual assets, as it remains suspended from FATF membership since February 2023 and is not among the 99 jurisdictions (out of 205) that have enacted or are enacting the required legislation as of 2025.[1][3][4]

Key details on status and gaps:

• Adoption and effective date: No adoption or effective date; Russia's FATF suspension requires it to still meet standards in theory, but no evidence of legislative action specific to the Travel Rule for VASPs exists in available data.[1][3]
• Threshold amounts: Not applicable, as no implementation; FATF globally recommends $1,000/€1,000 for virtual asset transfers.[5]
• VASPs covered: Not applicable; the rule would target Virtual Asset Service Providers (VASPs) handling transfers, aligning traditional wire transfer standards.[3][4][5]
• Technical implementation requirements: No Russian-specific requirements; globally, VASPs must collect, transmit, and retain originator/beneficiary data (e.g., names, addresses, account numbers) with interoperability challenges noted, but no mandated protocols like SWIFT equivalents for crypto.[4][5]
• Penalties for non-compliance: None specified for Russia; globally, many jurisdictions lack enforcement frameworks despite laws (59% without actions as of 2025).[3]

No specific Russian legislation or FATF guidance on implementation is referenced in sources; Russia's exclusion from FATF processes and surveys contributes to data gaps.[1][3] General FATF updates (e.g., 2025 Targeted Update) exclude it from compliant lists.[3][4]