What is Travel Rule
FATF : “Recommendation 16”
“Countries should ensure that originating VASPs obtain and hold required and accurate originator information and required beneficiary information on virtual asset transfers”.
All qualifying wire transfers should always include the following information:
Name of the originator
Origintor’s account number
Origintor’s address
Name of the beneficiary
Beneficiary’s account number
What is Travel Rule
Overview of FATF Travle rule
Guidelines
Verify
Originator & Beneficiary data
Due diligence
Originator & Beneficiary data
Watchlist screen of
Originator & Beneficiary data
Record data
What can ARGOS ID solution help you?
ARGOS ID provides a solution for VASPs to comply with travel rules for all of Beneficiray (External wallet). All guidelines can also be met for Third Party Beneficiary.
ARGOS ID
ARGOS Auth
- Digital ID
- Hosted Wallet
Generate ARGOS ID
User Verification
- Identity
- Owner Signature
Tx Confirm (Originator, Beneficiary)
VASP
ARGOS Auth
- Beneficiary
- Verification Info
- Account Number
Data
- Originator / Beneficiary
- Verification Info
- Account Number
USER
User Consent
- From Argos ID
- To VASP ‘A’
Global KYC & Wallet
- ID & Selfie
- Multi - Wallet (non-custodial)
User Wallet
- Type: ETH
- Address: 0x1 mdkakdnfie