Automate data transfers with counterparties and ensure compliance with the latest regulatory requirements worldwide
Navigate global regulations, avoid penalties, and maintain trust with regulators. Sumsub covers the nuances of regulations worldwide, including FCA, FinCEN, and other regulatory bodies.
Delegate counterparty identification and outreach to us and enjoy efficient data transfers. Our network covers key financial centers that span continents.
It takes just one hour to integrate Sumsub. Thanks to our no-code solution, you can confidently scale your business without any delays or technical issues o integrate the platform.
FATF Recommendation #16 mandates VASPs and financial firms to share the personal data of those engaging in virtual asset transfers to curb money laundering.
Take experience the revolutionary benefits of Sumsub’s Travel Rule Solution
Full interoperability across current and future protocols. Exchange and connect information within a secure environment without worrying about changing regulations.
Get instantly notified about users designated as politically exposed persons (PEPs) and individuals listed in various sanctions and watchlists worldwide.
Sumsub conducts thorough VASP Due Diligence on behalf of our clients, building trust in counterparty sanctions screening.
Automate decisions to meet all regulatory requirements. Our flexible Rules Engine will help you build custom rules and library updates.
The solution integrates with all existing or synthetic tokens. Navigate the diverse blockchain landscape without restrictions.
Sumsub excels in VASP discovery thanks to partnerships with multiple blockchain analytics companies, attributing wallets with precision.
Enjoy free Crypto Travel Rule transfers with over 500 VASPs in the Sumsub client ecosystem for a full 6 months—sending and receiving included
Begin Your Journey to Travel Rule Compliance
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Travel Rule Compliance with Sumsub: Learn How to Overcome the Travel Rule Challenge
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
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.
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.