I think the KYC rules apply on customeraccount level and the FATF travel rule applies on transaction level.
LOL
Transaction level? The exchange totally know where they sent coins. They have view key. FATF travel rule is about person informations not about transaction. Just read it. Exchange customer that is KYCed clearly know where to whome he sent his coins and who send them to him and can normal tell that to anyone that is curious about it.
Are you telling me that exchanges have the ability to directly connect senders and receivers to Monero transactions? Senders and receivers that are suppose to be shielded on-chain ? I thought only Monero users can view their own transactions? (if they remember to which address they sent it). Are you telling me if someone hacks an exchange, they can obtain sender and receiver information about Monero transactions ? Thereby completely de-anomyzing Monero transactions ?
No I am telling you transactions have nothing to do with FATF travel rule. And I told you that exchange make the transactions themself. Exchanges are Monero users, so they totally know where they sent and where the coins come from. FATF travel rule is about persons. You can get those information only by doing proper KYC on your exchange. No matter what cyptocurrency you then use.