Overview

What is a Travel Rule

The Travel Rule is a key anti-money laundering (AML) and counter-terrorist financing (CFT) regulation extended to the cryptocurrency industry. Its fundamental purpose is to increase transparency by requiring Virtual Asset Service Providers (VASPs)—such as crypto exchanges and wallet providers—to collect, verify, and transmit information about the originator (sender) and beneficiary (receiver) for digital asset transfers.

The Travel Rule is now a global standard. Digital asset transactions are expected to meet the same identity-sharing requirements as traditional finance. For VASPs, it’s no longer optional.

Key regions are leading the way: 🇪🇺 EU: Applies to every crypto transfer 🇺🇸 US: FinCEN is stepping up enforcement 🌏 SG, HK, JP: FATF-based rules are in place

Non-compliance can result in fines, suspended licenses, or losing access to banking and payment networks.

Dfns Travel Rule Support

Dfns now offers seamless Travel Rule compliance for its users through a native integration with Notabene, the leading crypto regulatory technology provider. This powerful collaboration embeds Notabene's comprehensive compliance solutions directly into the Dfns Transfers API, enabling developers and financial institutions to effortlessly meet global regulatory requirements.

To automate Travel Rule compliance, simply include the optional travelRule object when initiating a transaction via the Dfns Transfers API. Our integration then automatically sends the required compliance message to the counterparty and manages their response. This automated compliance check is a component of the Dfns policy engine, handling the entire asynchronous workflow, including webhook notifications, for a seamless experience.