Travel Rule

Ensure Travel Rule compliance
before it hinders your business

Automate data transfers with counterparties and ensure compliance with the latest regulatory requirements worldwide

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  • 1,700+

    VASPs in the Sumsub client ecosystem

  • 10,000+

    assets supported

  • 3.7 sec

    average response time

Connect to the biggest VASP ecosystem

Access the largest VASP network with flexible architecture and seamless integrations, ensuring compliant transactions.

Cover all Travel Rule issues

Empower your compliance with integrated AML checks, advanced rules engines, and unhosted wallet verification, covering all assets and blockchains.

Simplify compliance

Streamline your journey with integrated tools for Travel Rule compliance, anti-fraud, KYC, and transaction monitoring.

Make informed decisions and report with ease

Perfect your decision-making process

  • Effortlessly review all transaction details to respond effectively on the spot
  • Send and receive information within the platform, sharing details with counterparties or regulatory authorities
  • Request missing data from counterparties to ensure that every transaction is fully covered and compliant
Perfect your decision-making process

Manage risks with automated rules

  • Scale fast by creating rules that align with your risk tolerance, code-free
  • Automate transaction screening processes and save time and effort while staying fully compliant
Manage risks with automated rules

Simplify audits

  • Whether dealing with a VASP or an unhosted wallet, get a verifiable trail of information on each transaction
  • Perform compliance audits with ease by accessing readily available data
  • Verify the legitimacy of every transaction regardless of counterparty type
Simplify audits

Join our Travel Rule Ecosystem
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.

Your own
cutting-edge Travel Rule tech

#1 for Travel Rule Interoperability

Seamless interoperability across widely used Travel Rule messaging protocols, including GTR, TRP, CODE, SNS, and Sygna, with more coming soon. Unlock instant access to all Travel Rule protocols with just one integration, and benefit from the widest VASP reachability.

Risk-based Approach for the Sunrise Issue

Take advantage of our 6-month free trial to fully address the Sunrise issue with ease. Easily verify non-Travel Rule eligible transactions with secure counterparty VASP communication via Sumsub’s data exchange protocol or Email Notification. With built-in counterparty VASP due diligence, securely exchange information to ensure regulatory compliance, while displaying proof of contact attempts. Make only informed, risk-based decisions with Sumsub’s advanced data checks and risk scores for VASPs or wallets.

Know Your Counterparty VASP

Gain insights into counterparty VASP risk through our VASP Directory and Due Diligence processes that automate decision-making based on jurisdictions, regulatory status, and much more. Sumsub’s Crypto Monitoring, powered by our Blockchain Analytics partners Chainalysis, Merkle Science, and Crystal Intelligence, proactively monitors wallets and detects fraud risks with wallet and transaction risk screening. Travel Rule transfer parties are screened against sanctions, PEPs, and adverse media risks, with the results either flagged or automatically processed in line with predefined settings. Real-time risk detection in a scalable solution.

Self-hosted Wallet Verification

Allow your Customer to prove they control the wallet in two simple steps: connect the wallet and sign the message. Fast, simple, and compliant. Get access to over 500 supported wallets, including MetaMask, Ledger, WalletConnect, Trexor, and BitBox.

Over 10,000 tokens supported

Navigate Travel Rule compliance across 10,000+ Virtual Assets. Sumsub supports both native and synthetic tokens, enabling unrestricted access to the entire blockchain ecosystem.

1-click Compliance

Become Travel Rule compliant in a single click with our pre-configured Travel Rule scenarios, ensuring accurate decision-making with automated processing. For more rules, you can use our easy and flexible Rules Engine - no code required! Create case queues as you assign tasks to relevant compliance officers allowing for simple delegation and visibility. Or give your compliance team more time to focus on complex tasks by automating decision-making. Safely test everything in Sandbox mode before going live, ensuring seamless implementation.

Why Sumsub

Petr Sergeev
Petr Sergeev

CEO at Guardarian

We discovered that our long-time partner, Sumsub, was actively working on a solution for the Travel Rule as part of their Transaction Monitoring offering. Having already experienced top-notch service from Sumsub for customer verification, we opted for Sumsub over alternative Travel Rule services.

See how Sumsub meets FATF’s
Travel Rule recommendations

Timing and scope of Travel Rule data submission
Small value VA transfers
Can submit data for transfers < USD/EUR 1,000
VA type coverage
Supports all VA types.
High volume handling
Manages large transaction volumes securely and efficiently.
Immediate data submission
Sends originator and beneficiary data to beneficiary VASPs upon or before a blockchain/DLT-based VA transfer.
Record-keeping and transaction monitoring
Ongoing Transaction Monitoring
Offers solutions to monitor users' lifetime journey across historical, behavioral, device, risk, and transaction data points according to client's risk appetites.
Compliance-driven record-keeping
Offers solutions for data retention, transaction monitoring, and reporting in line with national data protection standards.
Data download
Allows user VASPs to download retained data.
Counterparty VASP identification and due diligence
Locate counterparty VASP
Identifies the counterpart for VA transfers.
Due Diligence Process
Carries due diligence on willing counterparty VASPs and creates reports. Facilitates requests for due diligence from other connected protocols.
Risk transaction checks
Enables inquiries about high-risk or prohibited transactions.
Interoperability with other Travel Rule compliance tools
Interoperable data submission
Communicates with VASPs using different Travel Rule tools.

Our technological partners

Recent updates

FAQ

  • What is VASP?

    Virtual Asset Service Provider—or VASP is entity or business that offer services related to virtual assets, such as cryptocurrencies. These services can include cryptocurrency exchanges, wallet providers, and other platforms that facilitate the storage, transfer, or exchange of digital assets.

  • What is a Travel Rule solution?

    A Travel Rule solution is a platform that automates data transfers required by FATF Recommendation #16. This includes obtaining, holding, and transmitting required originator and beneficiary information in virtual asset transfers. Specialized Travel Rule solutions allow virtual asset service providers (VASPs) and financial institutions to stay compliant and prevent money-laundering, terrorist financing, and other fraud activity

  • Who does the crypto Travel Rule apply to?

    The Crypto Travel Rule applies to virtual asset service providers (VASPs) and financial institutions involved in virtual assets (VA) transfers. According to the FATF, a company is considered 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, and more.

  • What are the Travel Rule requirements?

    The main Travel Rule requirements include the need for VASPs and financial institutions to obtain, hold, and transmit required originator and beneficiary information, immediately and securely, when conducting VA (Virtual Asset) transfers.

  • Who is affected by the Travel Rule?

    The Travel Rule has broad-reaching implications for an extensive array of entities operating within the cryptocurrency ecosystem. However, VASPs are affected most directly. According to the FATF, a VASP is a natural or legal person who, as a business, conducts the following activities:

    - 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.