Patrick Kim, Uppsala Security’s Founder & CEO, attends the ‘Travel Rule Solution 2022’ Webinar held in IT Chosun
Singapore, 11th May 2022 — Patrick Kim, Uppsala Security’s Founder & CEO, attended and conducted a panel during the ‘Travel Rule Solution 2022’ Webinar hosted by IT Chosun and Uppsala Security. The webinar covered the overall issues directly related to the Travel Rule, including the current status, challenges and solutions. These topics are also covered within the Compass Protocol service, the second blockchain project created by Uppsala Security.
Compass Protocol is a service built to solve the Web3 digital identity challenges and KYC/authentication requirements, including solutions to Money Laundering problems for personal wallets. Through the appropriate KYC and AML certification provided by Compass Protocol, users can easily be part of the blockchain ecosystem while proving both their identity and the legality of their funds.
The Travel Rule is a highly challenging regulation aimed at Virtual Asset Service Providers (VASPs), as it requires these providers to collect and share customer data for transactions over a certain threshold.
The Travel Rule was initiated by the Financial Action Task Force (FATF), an independent inter-governmental body that develops and promotes policies to protect the global financial system against Money Laundering and Terrorist Financing.
Despite the challenging nature of these new regulations set around crypto and virtual assets, we are proud to share that we created a complex product suite that can help VASPs meet these requirements, including the ones included in the Travel Rule, in a simple and stress-free manner.
Our South-Korean audience can watch the recording of the ‘Travel Rule Solution 2022’ Webinar through the following YouTube link: https://www.youtube.com/watch?v=NSH5LzJE00A.
In order to closely follow the evolution of Compass Protocol, please follow dedicated Telegram, Twitter and Discord channels.
About Uppsala Security
Uppsala Security built Sentinel Protocol, the first crowdsourced Threat Intelligence Platform powered by artificial intelligence, blockchain technology, and machine learning. Supporting the framework is a team of experienced cyber security professionals who have developed an award-winning suite of advanced tools and services for Crypto AML/CFT, Transaction Risk Management (KYC/KYT), Transaction Tracking, Regulatory Compliance, and Cybersecurity enabling organizations of every type and size to protect their crypto assets from malicious attacks and scams while meeting stringent regulatory compliance standards. Today Uppsala Security has over two thousand (2K+) users including government agencies, financial institutions and leading enterprises providing crypto exchanges, payment services, wallets, custodial services, gaming, and FinTech solutions.
Uppsala Security is headquartered in Singapore, and has branch offices in Seoul, South Korea and Tokyo, Japan. You can follow Uppsala Security on Telegram, LinkedIn, Twitter, Facebook and Medium.
