All-in-one FATF Travel Rule solution

Introducing the first comprehensive solution addressing all FATF Travel Rule regulations on the market. Coinfirm’s all-in-one tool enables to easily transfer, register and report all Travel Rule data, listed in FATF’s guidelines.

Travel

The challenge

Known as the Travel Rule, FATF Travel Rule requires Virtual Asset Service Providers (VASPs) such as cryptocurrency exchanges, digital wallet providers and even some financial institutions including banks dealing with crypto assets, to ensure that certain customer data is disclosed and transferred between counterparties as a part of the cryptocurrency transaction.

the solution

VASP identification, risk analysis, case management - Coinfirm’s all-in-one Travel Rule tool delivers the pillars of compliance with FATF recommendations.

Solution for VASP and unhosted wallets, easily to integrate and operate.

Number

Exchange of information

Secure exchange of information between VASPs - provided by open P2P protocol using advanced cryptography methods.
Number

Audit trail

Marking data and documents, verifying if it hasn’t been manipulated over time - by Coinfirm’s Trudatum.
Number

Management of transaction risks

Monitoring and surveillance of transfers between VASPs - by Coinfirm’s AML Platform

comprehensive ecosystem

Travel

Designed for implementation by various entities

Government

Virtual Asset Service Providers (VASPs)

  • Cryptocurrency exchanges
  • Crypto-friendly Banks
  • Virtual Asset Custody Providers
  • Custodial Wallet Providers
  • Protocols and blockchain operators
Banks

Governing entities

  • Governments
  • Regulators

broad scope of possible applications

Counterparty verification

CASE STUDY

Full audit trail

CASE STUDY

Monitoring of wallets

CASE STUDY
UK Cryptocurrency Guide
UK Cryptocurrency Guide

The United Kingdom has long been a historic hub of trade and the capital city of London a major global financial centre.

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Hong Kong Crypto Guide
Hong Kong Crypto Guide

Hong Kong seeks to attract financial technology innovation whilst managing the potential risks that it brings.

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Japan Crypto Guide
Japan Crypto Guide

Alongside having a long, rich history of technological innovation, Japan is a global financial hub.

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Singapore Crypto Guide
Singapore Crypto Guide

Singapore is a central hub of global trade, a position solidified by quick uptake in revolutionary technology such as blockchain.

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Switzerland Crypto Guide
Switzerland Crypto Guide

Switzerland’s crypto ecosystem
is one of the most developed in the world.

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US Crypto Guide
US Crypto Guide

The USA is a FinTech heavyweight with a comprehensive crypto regulatory framework.

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Coinfirm in the press

Pawel Kuskowski

“[…], VASP-Unhosted Wallet transactions could be and should be subject to various assessments, checks, and balances from an analytics and risk management perspective.”

Pawel Kuskowski
Ian Allison

“Coinfirm is using a high-throughput permissioned blockchain for writing the “fingerprint” of a compliant transaction, built on the enterprise-grade DLT Hyperledger Fabric.”

Ian Allison
Pawel Kuskowski

“All businesses and individuals active in the blockchain space should think about how travel rule is likely to affect their operations in various jurisdictions, and put plans in place to address likely implications constructively.”

Pawel Kuskowski
Turner Wright

“Any nation that does not comply with them [FATF guidelines] by the deadline may be excluded from the global financial network.”

Turner Wright