Solution introduction
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.
1. Exchange of information
Secure exchange of information between VASPs - provided by open P2P protocol using advanced cryptography methods.
2. Audit trail
Marking data and documents, verifying if it hasn’t been manipulated over time - by Coinfirm’s Trudatum.
3. Management of transaction risks
Monitoring and surveillance of transfers between VASPs - by Coinfirm’s AML Platform
