[EBA releases guidance on the "travel rule"] Golden Finance reported that the European Banking Authority (EBA) today issued new guidance on the so-called "travel rule", which is the information that should accompany the transfer of funds and certain crypto assets. The rule will help address the abuse of such transfers for money laundering and terrorist financing. The guidance specifies what information should accompany the transfer of funds or crypto assets, and lists the steps that payment service providers (PSPs), intermediary PSPs (IPSPs), crypto asset service providers (CASPs) and intermediary CASPs (ICASPs) should take to detect missing or incomplete information, and what they should do if a funds transfer or crypto asset transfer lacks the required information. The goal is to establish a consistent and effective way to implement the travel rule across the EU, enabling the relevant authorities to fully track such transfers when necessary to prevent, detect or investigate money laundering and terrorist financing.