Track: IPTComm |
| Verifiable Information Exchange for Virtual Asset Service Providers |
| Virtual Asset Service Providers (VASPs) have re- cently been faced with increased compliance costs as both na- tional and international bodies bring their due diligence compli- ance requirements inline with that of traditional financial entities. The ’travel rule’, as defined by the Financial International Task Force (FATF) is prominent amongst these and has created a need for efficient compliance solutions for VASPs. In this paper we improve upon current travel rule compliance solutions by utilising a mixed centralised and decentralised approach to provide trust and reduce the compliance burden on VASPs. Moreover, we provide a generic system capable of ensuring compliance with FATF recommendations as well other sanctions and embargoes that impact a VASP’s trading relationships. |
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| Presentation Video |
| Presentation Notes |
| Tumas.VerifiableInfoExchange.pptx |