Travel Rule Compliance

Crystal helps Virtual Asset Service Providers (VASPs) comply with the FATF’s international Travel Rule guidelines by providing access to important blockchain transaction information for our customers and partners. We power regional and global AML compliance and operational continuity by enabling best-in-class blockchain transaction risk assessment.

How can we help? With the Crystal analytics platform you can:

  • - Monitor crypto transactions and connections 24/7 in real-time
  • - Identify transaction owners and transaction patterns
  • - Observe customer connections for potential risk exposure
  • - Discover sender and recipient information & source of funds
  • - Create comprehensive reports with easy-to-read visualizations

What is the Travel Rule and why do I need to comply?

The FATF has established a list of guidelines and recommendations for VASPs to combat money laundering, terrorism financing, and proliferation financing in the crypto industry.

These guidelines — specifically the Travel Rule for cross-border transfers — are necessary to combat the potential use of cryptocurrencies for illicit activities and to make blockchain safer.

Who are the VASPs that need to comply with the Travel Rule?

Any legal person or business under FATF or G20 jurisdiction that conducts exchanges between virtual assets and fiat currencies, between one or more forms of virtual assets, transfer of virtual assets; safekeeping of virtual assets, or participation in (or provision of) indirect financial services.

Added to this, other international regions are implementing their own Travel Rule versions.

Contact Crystal to learn more about our Travel Rule solution

Why Crystal should be your first choice for a Travel Rule solution

Backed by the experience of the Bitfury Group, our team of world-class analytics experts has developed the most algorithmically accurate and easy-to-use platform on the market right now. Our latest partnerships with Notabene and Shyft Network confirm this stance. Together, we work to help your customers transact with confidence.

Why choose Crystal?

The travel rule compliance consists of three steps (for transactions >$1,000):

VASPs need to identify whether the counterparty the VASP's customer is interacting with is another VASP

If yes, they need to securely exchange and store the customer's information

They may need to generate a Travel Rule report, as needed

How does Crystal Blockchain power Travel Rule compliance?

Step 1: VASP-VASP Identification

Step 2: Secure information exchange

Step 3: Travel Rule report generation

Crystal Travel Rule Solution works in partnership with

Notabene logo

Who counts as a VASP?

Crypto exchanges, banks, FIs, OTC desks, and hosted wallets. Find out if you should be covered for the Travel Rule implementation, and how to comply today.

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Crystal Blockchain

Strawinskylaan 3051, 1077 ZX Amsterdam, Netherlands

General enquiries

For financial companies

For law enforcement organizations

For investigation services

Crystal Blockchain

51 Eastcheap, London EC3M 1DT, UK

General enquiries

For financial companies

For law enforcement organizations

For investigation services