What is the travel rule?
The travel rule requires any participating financial institutions in a transaction to exchange relevant beneficiary and originator KYC information. From June, 2020 this rule has been extended globally to all Virtual Asset Service Providers (VASP).
Does it apply to my business?
It probably does if your business is involved in:
- Exchange of cryptocurrency (both crypto-fiat and crypto-crypto)
- Transfer of cryptocurrency
- Providing financial services related to the issuance, initial offer and sale of virtual assets
- Providing custodian wallets
Please note: The information provided above does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Visit the FATF website for additional information and guidelines on the travel rule.
The most trusted Crypto Travel Rule compliance solution
Get started in just minutes with the industry's only bank grade end-to-end counterparty verification solutionBOOK A DEMO
Don’t let travel rule compliance slow down your business.
Trusted by Top Crypto Businesses
Minimize loss of business
Expand your customer base and comply with your business partners’ regulations around the world
Manage risk at scale
Stay compliant whether you’re processing 10 or 10 million transactions a day
Lead the market with new types of products
Offer your customers the next generation of financial products built on transparency and security
Turn compliance into an asset
Build your reputation and trusted relationships with customers, business partners, and regulators
End-to-end crypto travel rule compliance tools for holistic risk management
Crypto Travel Rule Compliance Platform
Manage and exchange Travel Rule data transfers
Send and receive Travel Rule transfers today–no integration required
Work with any company, regardless of the Travel Rule protocol they use
Automated data transfers
Implement your own risk-based approach to streamline data transfers to counterparty exchanges
Access real-time data powered by our partnersDiscover travel rule
Crypto Wallet ID
Identify who is behind a wallet
Instantly determine account type
Identify blockchain address type (custodial, non-custodial) to apply necessary regulatory requirements
Identify travel rule transfers
Determine whether the transaction falls under the Travel Rule requirements
Collect missing data
Record absent counterparty data to ensure seamless Travel Rule data flows
Fully customize your compliance tools
Seamlessly integrate our wallet identification plugin with prebuilt UI components into your productDiscover wallet id
VASP & Crypto Companies DIRECTORY
Access verified counterparty information
Create your own business profile
Upload and certify your company’s information. Build trust within the financial industry.
Verify your business counterparties
Send Travel Rule data transfers with verified counterparties
Determine Travel Rule solutions
Verify your counterparties’ business information, their supported messaging protocols, internal AML rules, and more.CHECK OUt VASP DIRECTORY
API & DEV TOOLS
Seamlessly integrate with your existing systems
READ THE DOCS
- Automate your risk-based approach
Notabene's commitment to privacy + security
Bank-grade security for an insecure world
- Surpass AWS Best Practices
- GitLab Realtime Security Vulnerability Checks
- All data encrypted at rest, in transport, and user managed keys
Industry’s strongest protection for your customer data
- Industry’s only escrowed exchange of encrypted PII
- Compliant with EU GDPR, Singapore PDA
- Plug-and-play Travel Rule end-user data consent component
Enterprise white glove features
- 24h/7 days a week uptime
- Configurable enterprise SLA
- SOC2 compliant disaster recovery and business continuity plans
A couple of thoughtsVIEW ALL
Why choose Notabene as a Travel Rule compliance solution?
We help financial institutions and virtual asset service providers (VASPs) comply with the FATF’s Recommendation 16 “Crypto Travel Rule” as required by domestic regulators in a growing number of jurisdictions.
- Notabene is the only end-to-end Travel Rule compliance solution that offers a protocol-agnostic approach to Travel Rule compliance
- Easy to use dashboard & ability to set risk management rules
- Our in-house solution, TRNow, allows counterparty VASPs to share, send, receive, and store required PII data privately and securely
Who is the Financial Action Task Force (FATF)?
The Financial Action Task Force (FATF) is an inter-governmental global anti money laundering and terrorist financing watchdog founded in 1989. The FATF sets international standards aiming to prevent illegal activities and financial crime. In October 2018, the FATF adopted changes to its recommendations to explicitly clarify that they apply to financial activities involving virtual assets.
What is cryptocurrency & virtual asset compliance?
Global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), issued guidance for the virtual asset industry in June 2019, including Recommendation 16, known in the industry as the Crypto Travel Rule. Recommendation 16 requires Virtual Asset Service Providers (VASPs) worldwide to send and store information surrounding the parties of a transaction.
What are the advantages of cryptocurrency & virtual asset compliance?
Future business opportunities after complying with the FinCEN Travel Rule are immense. FATF Travel Rule compliance presents the most significant opportunity for virtual assets to become widely accepted in everyday use cases. Cryptocurrency companies that comply will have better access to traditional banking, which will allow easier access to institutional investors. They will also be able to provide more visibility and trust around each transaction for their customers.