Svmuu News: At the FATF plenary meeting held in Paris, South Korea’s Financial Intelligence Unit (FIU) proposed expanding the Travel Rule reporting requirements for crypto assets to include smaller-value transfers, in order to further align anti-money laundering standards for digital assets.  South Korea currently applies the Travel Rule to crypto transfers exceeding 1 million won; the latest proposal calls for extending these obligations to smaller transactions and applying them to crypto asset service providers acting as both senders and recipients. The FIU also called for strengthened regulatory actions against offshore and unregistered crypto platforms. The FATF also approved a new report on the risks of decentralized finance and continued discussions on the implementation of Recommendation 15, which was updated in 2019. (Cointelegraph)