Travel Rule
A FATF rule requiring VASPs to share originator + beneficiary information for transfers over a threshold (~$1,000).
Travel Rule compliance for stablecoin issuers and exchanges is implemented via protocols like TRP, Sumsub Travel Rule, or Notabene. Adoption varies by jurisdiction; major US / EU / UK stablecoin issuers comply, smaller offshore issuers often do not.
Related terms
- FATF (Financial Action Task Force)The intergovernmental body that sets global AML / CFT standards — its recommendations are adopted into national law.
- AML (anti-money-laundering)A body of law and procedure obliging financial institutions to detect and report suspicious activity.
- KYC (know-your-customer)The customer-identification programme regulated financial institutions run before opening accounts or processing transactions.