VerifyVASP’s Travel Rule Platform Hits the US$ 100 Billion Mark

Does the tool cover all VA types? 

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Does the tool enable beneficiary VASPs to obtain and handle a
reasonably large volume of transactions from multiple destinations in
a secure and stable manner?

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Does the tool enable ordering VASPs to submit the required and
accurate originator and required beneficiary information to
beneficiary VASPs immediately upon or prior to a VA transfer on a
blockchain/distributed ledger technology platform?

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Does the tool enable an ordering VASP to locate the counterparty
VASP for VA transfers? (This is not a mandatory tool function but
identifying the counterparty can be the first challenge for ordering
VASPs).

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Does the tool provide VASPs with a communication channel to help
follow-up with a counterparty VASP to:

Seek information on the counterparty VASP to allow the
VASP to conduct required counterparty due diligence; and
request information on a certain transaction to determine if
the transaction involves high-risk or prohibited activities?

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Does the tool provide functions to facilitate meeting record-keeping,
transaction monitoring, and reporting obligations (e.g., securely
retaining data for 5 years/ allow user VASPs to download data),
while being in line with national data protection requirements?

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Does the tool allow Travel Rule information to be submitted to
VASPs using different tools?

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