WALLET IDENTIFICATION

A compliance solution seamlessly integrated in your product

Comply automatically and at scale

Launch a comprehensive compliance mechanism across your entire business

Build products compliant by design

Instead of playing a catch-up game, make your product fully compliant from day one

Meet FATF Travel Rule and wallet identification requirements

Integrate once and always comply with the latest regulations

Process fully compliant transactions with our crypto wallet identification and data collection tool

Crypto wallet identification app by Notabene.
WALLET IDENTIFICATION

Instantly identify transaction type and the regulations they fall under

Identify blockchain address type (custodial, non-custodial) to apply necessary regulatory requirements

AVAILABLE data INTEGRATIONS
Chainalisis logo in gray.
Elliptic logo in gray
TRM labs logo in gray
* coming soon
DATA COLLECTION

Ensure frictionless Travel Rule data collection

If necessary, our dynamic form requests from your customer only the minimum information needed for the Travel Rule

FULl UI CUSTOMIZAtion

Embed seamless compliance tools in your transaction flows

Integrate our crypto wallet identification plugin with prebuilt dynamic UI components into your product

Information exchanged during crypto wallet identification for travel rule using Notabene's software.
Information exchanged during crypto wallet transfer using Notabene's software.
AUTOMATED compliance

Comply at scale

Automatically generate Travel Rule transfers. Analyze and transfer data in the background, freeing up your compliance officers to focus on edge cases.

Save valuable time and resources

Pre-built UI components

A fully customizable integration that gives dev teams their time back.

Front-end API

Want to build your own UI? We get it! Our API allows for seamless integration directly into your front-end. 

Data integrations

Automatically pull the available data from our integration partners: Chainalysis, Elliptic, TRM Labs and more.

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FAQ

Crypto Wallet ID

What is KYC for crypto? (Know Your Customer)

KYC is the process of identifying customers and verifying their details to comply with global regulations, including anti-money laundering and counter-terrorism financing laws. The overarching goal of the KYC process in crypto is to prevent individuals or companies from using the asset class to commit financial crimes.

Does Notabene handle KYC?

Notabene does not specifically touch KYC. However, Wallet Identification is one part of the KYC process. When an originator customer intends to send a transaction over the Travel Rule threshold, our wallet identification widget checks to see if the beneficiary is a VASP or a non-custodial wallet. Additionally, Notabene’s Counterparty Wallet ID Plugin allows originator VASPs to perform non-custodial wallet ownership verification.

What is the difference between KYC and Travel Rule?

KYC is the process of one VASP identifying their customer and verifying their details to comply with global regulations before allowing them to utilize their platform. Travel Rule takes it a step further–requiring two VASPs that have already KYC’d their customers to exchange and store customer PII on transactions over a certain threshold.

Is KYC safe in crypto?

KYC is not only safe but critical to secure crypto transactions. Without KYC, it’s impossible to verify the parties of a transaction and avoid fraudulent scams due to anonymity. While Notabene does not provide KYC directly, our Wallet ID widget executes an integral part of the KYC puzzle.

What is AML/KYC in crypto?

Anti-Money Laundering (AML) and Know Your Customer (KYC) are both important frameworks to combat the illegal practice of money laundering. AML is a complex framework of rules, regulations, and strategies to identify and prevent profit from illicit activities, while KYC feeds into the AML framework by ensuring that only those who are considered low risk by financial institutions can have access to a particular exchange or platform.

Why are KYC and AML important in the crypto industry?

Know Your Customer (KYC) and Anti-Money Laundering (AML) enforcement are beneficial to both VASPs and their end-users. As opposed to fiat currency, virtual currency as an asset class have developing regulations, which some bad actors increasingly use to transmit and hide the source and destination of their financial transactions. Standardizing regulatory practices and performing KYC and AML checks on owners of blockchain wallets can help mitigate money laundering, terrorist financing, and illicit financing.