<ul data-eligibleForWebStory="true">Regulators are enforcing the FATF Travel Rule compliance in APAC as crypto adoption rises.Many governments have passed legislation to implement the Travel Rule for VASPs.75% of jurisdictions in APAC are non-compliant or partially compliant, leaving room for fraud.Identity fraud is a significant concern in crypto, requiring ongoing user monitoring.Weak risk assessments, delayed Travel Rule rollout, and lack of interoperability are key compliance issues.More countries like India and Indonesia are expected to enforce the Travel Rule more strictly.Poor compliance exposes firms to regulatory risks and undermines industry trust.VASPs need robust risk mitigation strategies to close compliance gaps.Compliance is crucial for accelerating crypto adoption while the industry remains cautious about overregulation.Sumsub's guide offers insights on Travel Rule implementation, fraud prevention, and regulatory best practices.