Travel Rule
The Travel Rule is a critical compliance requirement for financial institutions that mandates the sharing of specific transaction details when funds surpass a regulatory threshold. The rule aims to preserve an information trail on senders and recipients of funds, enabling law enforcement to detect, investigate, and prevent money laundering and illicit financial activities.
Our proprietary "BlockScout Country Risk" blends established global reference scores with real-time data analysis to produce a single, unified risk rating for each jurisdiction. It examines core factors—such as AML/CFT deficiencies, sanctions exposure, corruption, and governance.
However, for VASPs and crypto-related businesses, compliance is far more complex due to pseudonymity in blockchain transactions and the lack of a universal system for transmitting required information securely.
For traditional financial institutions, compliance is relatively straightforward due to standardized messaging systems such as SWIFT.
Unlike conventional compliance tools, BlockScout provides detailed visibility into over 20,000 VASP entities worldwide, helping financial institutions and VASP's.
With our comprehensive VASP Entity Explorer, BlockScout enables seamless Travel Rule compliance in a rapidly evolving regulatory landscape.
The Travel Rule is a critical compliance requirement for financial institutions that mandates the sharing of specific transaction details when funds surpass a regulatory threshold. The rule aims to preserve an information trail on senders and recipients of funds, enabling law enforcement to detect, investigate, and prevent money laundering and illicit financial activities.