Ensure Travel Rule compliance
before it hinders your business
Automate data transfers with counterparties and ensure compliance with the latest regulatory requirements worldwide
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
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
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
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
Market-leading interoperability
Full interoperability across current and future protocols. Exchange and connect information within a secure environment without worrying about changing regulations.
Scalable AML checks
Get instantly notified about users designated as politically exposed persons (PEPs) and individuals listed in various sanctions and watchlists worldwide.
Sunrise issue addressed
Arm yourself with useful information about Sunrise VASPs. Make risk-based decisions armed with valuable data and checks carried out by Sumsub.
VASP Due diligence
Sumsub conducts thorough VASP Due Diligence on behalf of our clients, building trust in counterparty sanctions screening.
Excellence in blockchain analytics
Sumsub excels in VASP discovery thanks to partnerships with multiple blockchain analytics companies, attributing wallets with precision.
Self-hosted wallet verification
Allows VASPs to verify ownership of self-hosted wallets, ensuring transparency and security in cryptocurrency transactions.
Full coverage
The solution integrates with all existing or synthetic tokens. Navigate the diverse blockchain landscape without restrictions.
Tailored compliance
Automate decisions to meet all regulatory requirements. Our flexible Rules Engine will help you build custom rules and library updates.
Why Sumsub
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
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
Who’s affected by the Travel rule?
FATF Recommendation #16 mandates VASPs and financial firms to share the personal data of those engaging in virtual asset transfers to curb money laundering.
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.
Learn more about Mastering Travel Rule Compliance
Simplify your journey to Travel Rule compliance with practical steps and insights from Sumsub’s partnership with Mercuryo
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