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.
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.
Exchange of information
Secure exchange of information between VASPs - provided by open P2P protocol using advanced cryptography methods.
Audit trail
Marking data and documents, verifying if it hasn’t been manipulated over time - by Coinfirm’s Trudatum.
Management of transaction risks
Monitoring and surveillance of transfers between VASPs - by Coinfirm’s AML Platformcomprehensive ecosystem
Designed for implementation by various entities
Virtual Asset Service Providers (VASPs)
- Cryptocurrency exchanges
- Crypto-friendly Banks
- Virtual Asset Custody Providers
- Custodial Wallet Providers
- Protocols and blockchain operators
Governing entities
- Governments
- Regulators
broad scope of possible applications
The United Kingdom has long been a historic hub of trade and the capital city of London a major global financial centre.
Get Your Copy
Hong Kong seeks to attract financial technology innovation whilst managing the potential risks that it brings.
Get Your Copy
Alongside having a long, rich history of technological innovation, Japan is a global financial hub.
Get Your Copy
Singapore is a central hub of global trade, a position solidified by quick uptake in revolutionary technology such as blockchain.
Get Your Copy
Switzerland’s crypto ecosystem
is one of the most developed in the world.
The USA is a FinTech heavyweight with a comprehensive crypto regulatory framework.
Get Your CopyCoinfirm in the press
“[…], 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
“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
“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
“Any nation that does not comply with them [FATF guidelines] by the deadline may be excluded from the global financial network.”
Turner Wright