Is there a standard for Travel Rule data transfers?

The FATF does not advise the use of a specific data sharing technology, so there is no single protocol or network standard for data transfers. While a number of networks for encrypted data transfer exist, there are issues like protocol compatibility. A solution that combines data gathering and data sharing is optimal for businesses to stay compliant.

FATF vs BSA Travel Rule?

The FATF Travel Rule and the BSA Travel Rule both require financial institutions and VASPs to collect and share transaction details for AML/CTF compliance, but they differ in key aspects. The BSA Travel Rule (U.S.) applies to transactions ≥ $3,000 and mandates additional details such as execution date, transaction amount, and financial institution identity. The FATF Travel Rule (global standard) recommends a $1,000/€1,000 threshold, with fewer required data points. While FATF sets guidelines adopted by different countries, the BSA Travel Rule is U.S.-specific and enforced by FinCEN.

What are Travel Rule compliance challenges?

Travel Rule implementation faces several key challenges. Technology suitability is a major hurdle, as FATF does not mandate a specific solution, leading to fragmented, country-specific systems that may not support all virtual assets or require third-party approvals. Interoperability remains an issue, with differing global standards and conflicting data privacy laws like GDPR. The "sunrise issue" complicates compliance, as VASPs in some jurisdictions must follow the rule while others are not yet obligated. Finally, counterparty identification poses difficulties, as VASPs must verify whether they are transacting with another regulated VASP or an unhosted wallet, with no universal framework in place.

Mar 11, 2025
3 min read

Explore Travel Rule Implementation

Stay ahead of Travel Rule regulatory changes. Check implementation deadlines, thresholds and main requirements for your country.

Julia Andreeva

Product Marketing Lead

What is the Crypto Travel Rule?

The rule ensures that personal data “travels” with a crypto or fiat transaction, increasing transparency and traceability. While originally this only applied to traditional finance, it now extends to crypto transactions, requiring VASPs around the world to implement robust compliance measures.

The Crypto Travel Rule, based on FATF Recommendation 16, is a global standard designed to combat money laundering and terrorism financing (ML/TF). It requires Virtual Asset Service Providers (VASPs) and financial institutions handling virtual asset (VA) transfers to collect and share sender and recipient details before or during a transaction.
The rule ensures that personal data “travels” with a crypto or fiat transaction, increasing transparency and traceability. While originally this only applied to traditional finance, it now extends to crypto transactions, requiring VASPs around the world to implement robust compliance measures.

Who needs the Travel Rule?

The Travel Rule applies to all Virtual Asset Service Providers (VASPs) and financial institutions that are engaged in VA transfers. The Travel Rule may apply to decentralized services (DeFi) and other P2P platforms under certain conditions.

A business is considered to be a VASP if it provides the following services:

Exchange between virtual assets and fiat currencies
Exchange between one or more forms of virtual assets
Transfer of virtual assets
Safekeeping and/or administration of virtual assets or instruments enabling control over virtual assets
Participation in and provision of financial services related to an issuer’s offer and/or sale of a virtual asset

The Travel Rule applies to businesses when:

Transfers to unhosted wallets occur (VASPs don’t need to send required details directly to the individual but must collect the information for compliance)
Traditional wire transfers occur
Virtual asset transfers happen between VASPs or between a VASP and a financial institution

Jurisdictions list

TR Requirements by Country

Country code	Country name	Country status	Country regulation	Country details
AR	Argentina	Not in force	Argentina’s Travel Rule regulations Ley N° 25.246 and Resolución 49/2024 establishes that the obligated subjects must comply with the identification of the originator and the beneficiary of the transactions covered by the Travel Rule, in the terms established by the International Standards of the FATF and in the modality that the FIU establishes for the exchange and validation of said information. Information will be updated when FIU publishes clarifications.	Travel Requirements by country
AU	Australia	Not in force	Australia’s Travel Rule regulations will take effect on 31 March 2026, with no transaction threshold specified under the AUSTRAC Anti-Money Laundering and Counter-Terrorism Financing Rules 2024. Self-hosted wallet verification is required. VASP Due Diligence must be conducted.	Travel Requirements by country
AT	Austria	In force	Austria’s Travel Rule has been in force since 23 February 2022 under the Regulation (EU) 2023/1113, the FMA Circular 04/2022, and the FM-GwG – Finanzmarkt-Geldwäschegesetz, with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
BS	Bahamas	In force	The Bahamas’ Travel Rule has been in force since 14 December 2020 under the DARE Act 2020 (Schedules 4 and 5 to the DARE Act), Financial Transactions and Reporting Act, 2018, the Financial Transactions and Reporting (Wire Transfers) Regulations, 2018, the Digital Assets and Registered Exchanges Act, 2020, and the Digital Assets and Registered Exchanges (Anti-money Laundering, Countering Financing of Terrorism and Countering Financing of Proliferation) Rules, 2022, with no transaction threshold specified. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
BH	Bahrain	In force	Bahrain’s Travel Rule has been in force since 1 January 2020 for crypto-asset licensees and 1 January 2024 for investment firm licensees, under the Central Bank of Bahrain Volume 4 – Investment Business – Part A – Business Standards – FC Financial Crime – FC-11 Crypto-assets and Central Bank of Bahrain Volume 6 – Capital Markets – Part A – Market Standards – AML – Anti-Money Laundering & Combating Financial Crime – AML-2 AML/CFT Systems and Controls – AML-2A: Money Transfers and Accepted Crypto-asset Transfers, with no transaction threshold specified. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
BE	Belgium	In force	The Travel Rule has been in force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and national AML laws, with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
BM	Bermuda	In force	In effect since 1 January 2018, Bermuda’s Travel Rule applies to digital asset businesses and regulated financial institutions under AML/ATF Sector-Specific Guidance Notes for Digital Asset Business (DAB) and Guidance Notes for AML/ATF Regulated Financial Institutions, with no transaction threshold. There is no requirement for self-hosted wallet verification. VASP Due Diligence must be conducted when establishing a correspondent relationship with a VASP registered outside Bermuda.	Travel Requirements by country
VG	British Virgin Island (BVI)	In force	The Travel Rule has been in force since 1 December 2022, governed by Anti-money Laundering and Terrorist Financing Code of Practice, Virtual Assets Service Providers Guide to the Prevention of Money Laundering, Terrorist Financing and Proliferation Financing, VASP Travel Rule, and Anti-money Laundering Regulations, with no transaction threshold specified.Self-hosted wallet verification is required for cases of heightened risk. VASP Due Diligence must be conducted when establishing a correspondent relationship with a VASP registered outside the BVI.	Travel Requirements by country
BG	Bulgaria	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and national AML laws, with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
CA	Canada	In force	The Travel Rule has been in force since 1 June 2021 under the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations and Fintrac Guidance 2021, with a CAD 1,000 threshold for electronic funds and virtual currency transfers. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
KY	Cayman Islands	In force	In force since 1 July 2022 under Anti-Money Laundering Regulations and VASP Guidance Notes, with no transaction threshold specified. There is no requirement for self-hosted wallet verification, but it depends on the identified risk. VASP Enhanced Customer Due Diligence must be conducted for correspondent banking relationships.	Travel Requirements by country
HR	Croatia	In force	The Travel Rule is in force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and national AML laws, with no threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a VASP registered outside the EU.	Travel Requirements by country
CU	Cuba	In force	In force since 1 January 2023 under Resolucion 89/2022 and Resolucion 76/2023, with a USD 1,000 threshold. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
CY	Cyprus	In force	The Travel Rule is in force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and national AML laws, with no threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
CR	Czech Republic	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and national AML laws, with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
DK	Denmark	In force	The Travel Rule has been in force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and national AML laws ( Hvidvaskloven), with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
SV	El Salvador	In force	In force since 7 September 2021 under the Normas Técnicas para Facilitar la Participación de las Entidades Financieras en el Ecosistema Bitcoin, with a USD 1,000 (or BTC equivalent) threshold. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
EE	Estonia	In force	In force since 15 March 2022 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Estonia’s AML laws, with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
EU	EU in a whole	In force	The Travel Rule is in force across the EU since 30 December 2024 under Regulation (EU) 2023/1113 and the Travel Rule Guidelines, with no threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
FI	Finland	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Finland’s AML laws, with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
FR	France	In force	The Travel Rule has been in force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and France’s Code monétaire et financier, with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
GE	Georgia	Not in force	Not yet in force; compliance is required by 31 December 2027 under national AML laws including the Law of Georgia on Facilitating the Prevention of Money Laundering and Financing of Terrorism, the Order of the President of the National Bank of Georgia No 253/04, and the Order of the President of the National Bank of Georgia No 386/04. A threshold of EUR 1,000, USD 1,000, or GEL 3,000 applies. Self-hosted wallet verification is required if the value of the virtual asset being transferred to a self-hosted address exceeds EUR 1,000, USD 1,000, GEL 3,000, or the equivalent in other foreign currencies. There is no requirement for VASP Due Diligence.	Travel Requirements by country
DE	Germany	In force	Not yet in force; compliance is required by 31 December 2027 under national AML laws including the Law of Georgia on Facilitating the Prevention of Money Laundering and Financing of Terrorism, the Order of the President of the National Bank of Georgia No 253/04, and the Order of the President of the National Bank of Georgia No 386/04. A threshold of EUR 1,000, USD 1,000, or GEL 3,000 applies.Self-hosted wallet verification is required if the value of the virtual asset being transferred to a self-hosted address exceeds EUR 1,000, USD 1,000, GEL 3,000, or the equivalent in other foreign currencies. There is no requirement for VASP Due Diligence.	Travel Requirements by country
GH	Ghana	Not in force	Not yet in force; draft guidelines on digital assets are under consultation, with further details pending.	Travel Requirements by country
GI	Gibraltar	In force	The Travel Rule has been in force since 22 March 2021 under the Proceeds of Crime Act 2015, the Proceeds of Crime Act 2015 (Transfer of Virtual Assets) Regulations 2021 and the VASP Registration Scope Guidance, with a EUR 1,000 threshold. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
GR	Greece	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Greece’s AML law Νόμος 4557/2018, with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
GG	Guernsey	In force	The Travel Rule has been in force since 10 July 2023 under the Criminal Justice (Proceeds of Crime) Law 1999 and Guernsey’s AML/CFT Handbook, with no transaction threshold specified. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Enhanced Customer Due Diligence must be conducted for correspondent banking relationships.	Travel Requirements by country
HK	Hong Kong	In force	The Travel Rule has been in force since 1 June 2023 under the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism and Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), with no transaction threshold. Self-hosted wallet verification is required for all transactions. VASP Due Diligence must be conducted.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about Hong Kong crypto regulations.
HU	Hungary	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Hungary’s AML law 2017. évi LIII. törvény, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
IN	India	In force	The Travel Rule has been in force since 10 March 2023 under the AML & CFT Guidelines for Virtual Digital Asset Service Providers, with no transaction threshold. There is no requirement for self-hosted wallet verification. VASP Due Diligence must be conducted.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about India crypto regulations.
ID	Indonesia	In force	In force since October 2021 under Regulation of Bappebti Number 8 of 2021 on Guidelines for the Organization of Physical Market Trading of Crypto Assets through the Futures Exchange and the Regulation of the Commodity Futures Trading Supervisory Agency of the Republic of Indonesia Number 13 of 2022 on the Amendment to Regulation of Bappebti Number 8 of 2021 on Guidelines for the Organization of Physical Market Trading of Crypto Assets through the Futures Exchange, with a transaction threshold of USD 1,000. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about Indonesia crypto regulations.
IE	Ireland	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
IM	Isle of Man	In force	The Travel Rule will come into force on 28 October 2024 under the Travel Rule (Transfer of Virtual Assets) Code 2024 and The Anti-Money Laundering and Countering the Financing of Terrorism Code 2019, with no transaction threshold. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
IS	Iceland	Not in force	Not yet in force; implementation under Regulation (EU) 2023/1113, Travel rule Guidelines, and Iceland’s Lög um aðgerðir gegn peningaþvætti og fjármögnun hryðjuverka, nr. 140/2018 is pending a confirmed commencement date, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
IL	Israel	In force	The Travel Rule has been in force since 14 November 2021 under the Anti-Money Laundering Order, with no transaction threshold. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
IT	Italy	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Decreto legislativo 21 novembre 2007, n. 231, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
JP	Japan	In force	In force under the Act on Prevention of Transfer of Criminal Proceeds, Enforcement Act, Payment Services Act (No. 59 of 2009), Designation of a country or region based on the provisions of Article 17-2 and Article 17-3 of the Enforcement Order of the Act on Prevention of Transfer of Proceeds from Crime and SFA Scheme, with no transaction threshold. The JVCEA introduced a self-regulatory Travel Rule on 1 April 2022. The amendments to the AML Act entered into force in June 2023. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
JE	Jersey	In force	In force since 1 September 2023 under the Travel Rule guidance note, EU funds transfer regulations, Proceeds of Crime (Jersey) Law 1999, Money Laundering (Jersey) Order 2008, Terrorism (Jersey) Law 2002, Regulation (EU) 2015/847, Regulation (EU) 2023/1113, and Travel rule Guidelines, with a transaction threshold of EUR 1,000. Self-hosted wallet verification is required for cases of heightened risk. VASP Enhanced Customer Due Diligence must be conducted for correspondent banking relationships.	Travel Requirements by country
KZ	Kazakhstan	In force	In force since 1 January 2025 under AML and counter-terrorism financing laws, and «Қылмыстық жолмен алынған кірістерді заңдастыруға (жылыстатуға) және терроризмді қаржыландыруға қарсы іс-қимыл туралы» Қазақстан Республикасының 2009 жылғы 28 тамыздағы № 191-ІV Заңы with a transaction threshold of USD 1,000. Self-hosted wallet verification is required for transactions exceeding EUR 1,000, as well as if there is suspicion of money laundering or terrorist financing involving a transfer to a self-hosted digital wallet. VASP Due Diligence must be conducted.	Travel Requirements by country
LV	Latvia	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Latvia’s AML Noziedzīgi iegūtu līdzekļu legalizācijas un terorisma un proliferācijas finansēšanas novēršanas likums law, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
LI	Liechtenstein	In force	In force since 1 June 2021 under Regulation (EU) 2023/1113, Travel rule Guidelines, Kriminalität und Terrorismusfinanzierung (Sorgfaltspflichtverordnung; SPV), Wegleitung 2021/18 Pflichten bei der Durchführung von VT-Transfers, and the Sorgfaltspflichtgesetz (SPG), with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
LT	Lithuania	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Lithuania’s Lietuvos Respublikos pinigų plovimo ir teroristų finansavimo prevencijos įstatymas Nr. VIII-275 AML law, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about Lithuania crypto regulations.
LU	Luxembourg	In force	In force since 30 March 2020 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Luxembourg’s AML law Loi du 12 novembre 2004, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
MY	Malaysia	In force	In force since 26 April 2021 under the Guidelines on Prevention of Money Laundering and Terrorism Financing for Reporting Institutions in the Capital Market, with no transaction threshold. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about Malaysia crypto regulations.
MT	Malta	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, the Prevention of Money Laundering and Funding of Terrorism Regulations (Subsidiary Legislation 373.01), and the Prevention of Money Laundering Act (Cap.373 of Laws of Malta), with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
MH	Marshall Islands	In force	In force since 31 August 2023 under the Anti-Money Laundering Regulations, 2002 (Banking Act, 1987), with no transaction threshold. There is no requirement for self-hosted wallet verification, but it depends on the identified risk. VASP Enhanced Customer Due Diligence must be conducted for correspondent banking relationships.	Travel Requirements by country
MU	Mauritius	In force	In force since 7 February 2022 under the VIATOS Act and AML/CFT Guidance Notes for Virtual Asset Service Providers & Issuers of Initial Token Offerings, with no transaction threshold. There is no requirement for self-hosted wallet verification. VASP Due Diligence must be conducted.	Travel Requirements by country
NA	Namibia	In force	In force since 1 September 2023 under the Virtual Assets Act and General Notice No. 510 – Bank of Namibia: Travel Rules: Virtual Assets Act, 2023, with no transaction threshold. There is no requirement for self-hosted wallet verification, but it depends on the identified risk. VASP Enhanced Customer Due Diligence must be conducted for correspondent banking relationships.	Travel Requirements by country
NL	Netherlands	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and the Wet ter voorkoming van witwassen en financieren van terrorisme, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about Netherlands crypto regulations.
NZ	New Zealand	In force	Partially implemented in 2020, with amendments effective from 1 June 2024 under the Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment Regulations 2023, the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, and guidelines for Virtual Asset Service Providers. The transaction threshold is NZD 1,000. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
NG	Nigeria	In force	In force since 12 May 2022 under the Money Laundering (Prevention and Prohibition) Act, 2022 and SEC AML/CFT regulations. The transaction threshold is USD 1,000. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
NO	Norway	Not in force	Not yet in force under Regulation (EU) 2023/1113, Travel rule Guidelines, and Norway’s AML Act ( hvitvaskingsloven ), with the commencement date still to be determined. There is no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
OM	Oman	In force	In force since 6 June 2023 under Decision No. (E/35/2023), which mandates AML/CFT compliance for Virtual Asset Service Providers. There is no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. There is no requirement for VASP Due Diligence.	Travel Requirements by country
PH	Philippines	In force	In force since 5 February 2021 under BSP Circular No. 1108 and Memorandum No. M-2023-042, with no transaction threshold.Self-hosted wallet verification is required for all transactions.VASP Due Diligence must be conducted.	Travel Requirements by country
PL	Poland	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Poland’s AML law, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
PT	Portugal	In force	In force since 15 July 2023 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Lei n.º 83/2017, de 18 de agosto, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
RO	Romania	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Romania’s AML law, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
SC	Seychelles	In force	In force since 1 September 2024 under the Virtual Asset Service Providers Act, 2024 – Act 12 of 2024, with no transaction threshold. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
SL	Sierra Leone	Not in force	Not yet in force under the Anti-Money Laundering and Combating of Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction Act, 2024. Awaiting regulator clarification on implementation.	Travel Requirements by country
SG	Singapore	In force	In force since 28 January 2020 under MAS Notice PSN02, Guidelines to MAS Notice PSN02, and the Payment Services Act 2019, with no transaction threshold. Self-hosted wallet verification is required for all transactions. There is no requirement for VASP Due Diligence.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about Singapore crypto regulations.
SK	Slovakia	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Slovakia’s AML law, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
SI	Slovenia	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Slovenia’s AML law, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
ZA	South Africa	Not in force	Not yet in force. The Directive 9 on the Travel Rule is set to take effect on 30 April 2025 under the Financial Intelligence Centre Act 38 of 2001. This directive requires all CASPs to comply by 30 April 2025. The transaction threshold applies to transactions exceeding R5,000 (approximately EUR 250). There is no requirement for self-hosted wallet verification but it is dependent on the identified risk. VASP Due Diligence must be conducted.	Travel Requirements by country
KR	South Korea	In force	In force since 25 March 2022 under the Act on reporting and using specified financial transaction information (1) with enforcement decree (2), with a transaction threshold of KRW 1,000,000. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about South Korea crypto regulations.
ES	Spain	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Spain’s AML law, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
SE	Sweden	In force	In force since 30 December 2024 under Regulation (EU) 2023/1113, Travel rule Guidelines, and Sweden’s AML law, with no transaction threshold. Self-hosted wallet verification is required for transactions exceeding EUR 1,000. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside the EU.	Travel Requirements by country
CH	Switzerland	In force	In force since 1 January 2020 under Switzerland’s Geldwäschereigesetz, GwG, Geldwäschereiverordnung, GwV, Geldwäschereiverordnung-FINMA, GwV-FINMA, and FINMA-Aufsichtsmitteilung 02/2019 Zahlungsverkehr auf der Blockchain, with no transaction threshold.Self-hosted wallet verification is required for all transactions. The FINMA regulation does not provide exceptions for payments involving unregulated wallet providers. There is no requirement for VASP Due Diligence.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about Switzerland crypto regulations.
TW	Taiwan	Not in force	Not yet in force under the Money Laundering Control Act, Regulations Governing Anti-Money Laundering and Countering the Financing of Terrorism for Enterprises Handling Virtual Currency Platform or Transaction, and pending finalization of the AML Regulations for Virtual Currency Platforms. The Travel Rule is expected to take effect in 2025. There is no requirement for self-hosted wallet verification. VASP Due Diligence must be conducted.	Travel Requirements by country
TR	Türkiye	In force	In force since 25 February 2025 under Türkiye’s AML regulations, with no transaction threshold. There is no requirement for self-hosted wallet verification. However, for crypto asset transfers to or from a wallet address that is not registered with any CASP, the CASP must obtain from the customer, who is a party to the respective transaction, a declaration containing at least one of the following identifying details about the owner of the self-hosted wallet: full legal name; address; place and date of birth; customer number; national identification number; citizenship number; or tax identification number. VASP Due Diligence must be conducted when establishing a correspondent relationship with a CASP registered outside of Türkiye.	Visit Sumsub docs for more details on the Travel Requirements by country.[r]
AE	UAE	In force	In force since 31 March 2022 under the Decree Federal Law No. (20) of 2018 on Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations, Cabinet Decision No. (10) of 2019, and Cabinet Resolution No. (24) of 2022, with a transaction threshold of AED 3,500. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
AE	UAE (Abu Dhabi – ADGM)	In force	In force since 21 December 2023 under the FSRA Legislation – Anti-Money Laundering and Sanctions Rules and Guidance (AML) – Section AML 10.3 Wire transfers and the Travel Rule, Guidance on Regulation of Virtual Asset Activities in ADGM, and the Cabinet Decision No. (10) of 2019, with no transaction threshold. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
AE	UAE (Dubai)	In force	In force since 7 February 2023 under VARA’s Compliance and Risk Management Rulebook, Virtual Assets and Related Activities Regulation 2023, and the Cabinet Decision No. (10) of 2019 with a transaction threshold of AED 3,500. There is no requirement for self-hosted wallet verification. VASP Due Diligence must be conducted.	Travel Requirements by country
AE	UAE (Dubai – DIFC)	In force	In force since 3 June 2024 under the DFSA AML Rulebook, Section AML 9.3 Electronic fund transfers, Section AML 9.3A Additional requirements for Crypto Token transfersclass=”c32″>, Section AML 9.3B Additional requirements for NFT and Utility Token transfers, and the Cabinet Decision No. (10) of 2019, with a transaction threshold of USD 1,000. There is no requirement for self-hosted wallet verification. VASP Due Diligence must be conducted if the total value of crypto tokens transferred is USD 1,000 or more.	Travel Requirements by country
GB	UK	In force	In force since 1 September 2023 under the The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, and the JMLSG Guidance, with no transaction threshold.Self-hosted wallet verification is required depending on the risk level. Where a VASP has determined that information should be requested, it should take reasonable steps to obtain the information from its own customer. In higher risk cases, firms should consider taking further steps to ascertain the source of funds in the unhosted wallet and thereafter consider authorising the transfer only if the control over the unhosted wallet can be reasonably established through appropriate solutions (e.g. micro deposit or cryptographic signature). There is no requirement for VASP Due Diligence.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about UK crypto regulations.
US	USA	In force	In force since 18 March 2013 under FinCEN Guidelines 2019 and 31 CFR § 1010.410(e) and (f), with a transaction threshold of USD 3,000 (or its equivalent in CVC). There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Visit Sumsub docs for more details on the Travel Requirements by country.Find out more about US crypto regulations.
VE	Venezuela	In force	In force since 20 July 2021 under Venezuela’s AML regulations, with a transaction threshold of EUR 1,000. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country
ZM	Zambia	In force	In force since 19 August 2022 under the Statutory Instrument No. 53 of 2022: The Financial Intelligence Centre (Prescribed Threshold) Regulations, 2022, the Notice on Regulations Prescribing Thresholds, and the Financial Intelligence Centre Amendment Act 16 of 2020, with no transaction threshold. There is no requirement for self-hosted wallet verification. There is no requirement for VASP Due Diligence.	Travel Requirements by country

FATF Travel Rule Requirements

The Travel Rule’s main requirements are:

To conduct due diligence of the counterparty before sharing data
For originating VASP:
- Identify its client (originator)
- Obtain the necessary information from the originator, retain a record and share the information with the beneficiary VASP after all checks
- Screen to confirm that the beneficiary is not a sanctioned name
- Monitor transactions and report when they raise suspicion
For beneficiary VASP:
- Obtain the necessary information from the originator’s VASP, verify the accuracy and consistency of the necessary information, and retain a record
- Screen to confirm that the originator is not a sanctioned name
- Monitor transactions and report when they raise suspicion

For transfers under 1,000 USD/EUR, VASPs must collect:

The name of both the originator (sender) and beneficiary (recipient)
A VA wallet address for each or a unique transaction reference number
Verification is only required if there are ML/TF risks

For transfers above 1,000 USD/EUR, VASPs must also collect:

Originator details:
- Full name
- Account number (e.g., wallet address)
- Physical address, national ID/tax number, or date and place of birth
Beneficiary details:
- Full name
- Account number (e.g., wallet address)

What is the Travel Rule threshold?

The Travel Rule threshold applies to transactions, with the FATF recommending a $1,000/€1,000 de minimis limit. However, countries set their own thresholds or may not have one at all (as seen in our Travel Rule country map).

This results in different cases: information is shared only above the threshold, varying requirements apply below it, or all transactions require reporting.

Travel Rule compliance checklist

For a smooth Travel Rule implementation that ensures you stay compliant, there are several elements the Travel Rule solution should cover.

These include:

Scaling to handle high transaction volumes without interruptions.
Meeting all regulatory requirements, including counterparty VASP verification, with documentation to support compliance.
Conducting AML screening and ongoing monitoring to detect new sanctions.
Verifying assets to prevent connections to illicit sources like darknet markets.
Ensuring secure, accessible recordkeeping to maintain compliance.
Protecting stored and transferred data in line with national privacy laws.
Supporting multiple messaging protocols for seamless data exchange with VASPs.
Making the integration is fast, efficient, and minimally disruptive to existing systems.

Join our Travel Rule directory for easy compliance

Avoid costly multiple vendors with one full-cycle verification solution that includes Travel Rule, anti-fraud, KYC, and Crypto Transaction Monitoring tools.https://sumsub.com/travel-rule/

Get started

FAQ

Is there a standard for Travel Rule data transfers?

The FATF does not advise the use of a specific data sharing technology, so there is no single protocol or network standard for data transfers. While a number of networks for encrypted data transfer exist, there are issues like protocol compatibility. A solution that combines data gathering and data sharing is optimal for businesses to stay compliant.
FATF vs BSA Travel Rule?

The FATF Travel Rule and the BSA Travel Rule both require financial institutions and VASPs to collect and share transaction details for AML/CTF compliance, but they differ in key aspects. The BSA Travel Rule (U.S.) applies to transactions ≥ $3,000 and mandates additional details such as execution date, transaction amount, and financial institution identity. The FATF Travel Rule (global standard) recommends a $1,000/€1,000 threshold, with fewer required data points. While FATF sets guidelines adopted by different countries, the BSA Travel Rule is U.S.-specific and enforced by FinCEN.
What are Travel Rule compliance challenges?

Travel Rule implementation faces several key challenges. Technology suitability is a major hurdle, as FATF does not mandate a specific solution, leading to fragmented, country-specific systems that may not support all virtual assets or require third-party approvals. Interoperability remains an issue, with differing global standards and conflicting data privacy laws like GDPR. The "sunrise issue" complicates compliance, as VASPs in some jurisdictions must follow the rule while others are not yet obligated. Finally, counterparty identification poses difficulties, as VASPs must verify whether they are transacting with another regulated VASP or an unhosted wallet, with no universal framework in place.