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Rules Engine

In this section, you can set rules on transactions to enable automatic approval or rejection of both incoming and outgoing transactions.

adding_members

No rules

If you want to manually review each incoming and outgoing Travel Rule data transfer, select “No rules”. All data transfers will be directed to your Inbox and will require you to approve/accept or cancel/reject them manually.

To set your rules, go to Account & Settings and click “Rules” in the left-side navigation bar.

Basic rules

To automatically approve/accept all incoming and outgoing Travel Rule data transfers, select Basic rules. Under this setting, there will be no transfers directed to your Inbox. All data will be sent/received automatically.

Please note: Paragraph 173 of FATF’s Updated Draft VA and VASP Guidance mandates VASPs to review and verify their counterparty VASP and customer information before processing a blockchain transaction.

Advanced rules

Use the Rules Engine to reduce the number of data transfers landing in your Inbox. Save time focusing only on edge case transactions. Decide which Travel Rule data transfers are automatically approved/accepted or cancel/rejected based on combined parameters.

To set your rules, go to Account & Settings and click “Rules” in the left-side navigation bar.

Set robust risk rules based on four parameters:

tip

When setting rules for Company name or Jurisdictions you can select multiple VASP or multiple Jurisdictions in a single rule.

Company name

Automatically approve/accept all incoming and outgoing Travel Rule data transfers from selected counterparty VASPs.

Automatically cancel/reject all incoming and outgoing Travel Rule data transfers from selected VASPs.

Jurisdiction

Automatically approve/accept all incoming and outgoing Travel Rule data transfers from selected jurisdictions.

Automatically cancel/reject all incoming and outgoing Travel Rule data transfers from selected jurisdictions.

Wallet risk score

Automatically approve/accept all incoming and outgoing Travel Rule data transfers based on a risk score of a originating/receiving blockchain address.

Automatically cancel/reject all incoming and outgoing Travel Rule data transfers based on a risk score of a originating/receiving blockchain address.

The risk score is based on our partnering blockchain analytics providers. Currently we support Chainalysis and Elliptic.

Please note: You have to have an account with the supported blockchain analytics providers to set this rule.

Sanction list check

Automatically approve/accept all incoming and outgoing Travel Rule data transfers based on a sanction list matching score of a counterparty customer’s name.

Automatically cancel/reject all incoming and outgoing Travel Rule data transfers based on a sanction list matching score of a counterparty customer’s name.

The matching score is provided by our partnering sanction list check providers. Currently we support Refinitiv World Check