Established in 2019, VerifyVASP strives to provide a best-in-class travel rule solution for virtual asset service providers (VASPs) to facilitate their compliance with the travel rule requirements across jurisdictions.
FATF have established the travel rule principles which are made into laws and regulations in the various countries necessitating its compliance.
Travel rule requires the sharing of transaction and personal identifying data between VASPs, immediately and securely.
In the implementation of the travel rule solution consideration to individual’s privacy and data protection is imperative.
In the circumstances, VerifyVASP have rolled out its travel rule solution to facilitate VASPs in their compliance in a cost effective and accessible manner.