KYCifi combines specialist AML and virtual asset compliance expertise with intelligent technology, so originator and beneficiary information travels with every transfer, in line with FATF Recommendation 16 and the PVARA NOC Regulations 2025.
Recommendation 16 sounds simple: send the parties’ information with the transfer. In practice, it touches data, counterparties, screening and records, across an industry still catching up.
Collecting the required information accurately for every in-scope transfer.
Counterparties in jurisdictions not yet enforcing the rule complicate every transfer.
Sending data securely across protocols and messaging standards such as IVMS 101.
Knowing and assessing the receiving VASP before information is released.
Screening both parties before a transfer is completed, with strict-liability stakes.
Applying the right requirements above and below the de minimis threshold.
Handling transfers to and from unhosted wallets proportionately to risk.
Retaining transfer information and reporting it to the standard a supervisor expects.
Every in-scope transfer runs the same disciplined way, so Travel Rule compliance is consistent, evidenced and defensible.
Determine which transfers are in scope, against thresholds and de minimis rules.
In-scopeCapture the required originator and beneficiary information accurately.
Originator · beneficiarySend the data with the transfer over an interoperable protocol such as IVMS 101.
IVMS 101Identify and assess the receiving VASP before information is released.
CounterpartyScreen both parties and make a documented hold-or-release decision.
SanctionsRetain the transfer information and report where required, ready for inspection.
RetentionKYCifi is, first, a specialist AML and virtual asset practice. Counterparty assessment, the sunrise issue and hold-or-release calls are decisions made by financial crime specialists who have built and run these controls, not settings in a tool.
Our practitioners lead every assessment. LÆdar, our intelligence platform, does the legwork behind them, so judgement stays with the people, and the evidence is built as they work.
A complete, evidenced Travel Rule compliance picture, built to the standard a supervisor expects.
A scored assessment against FATF R.16 and PVARA, with every gap prioritised.
Which transfers are in scope, and the requirements that apply to each.
Procedures for capturing originator and beneficiary information accurately.
An assessment of your messaging and interoperability approach.
A framework for identifying and assessing receiving VASPs.
Documented procedures for screening parties and deciding hold or release.
A retention and reporting framework aligned to PVARA requirements.
A complete evidence file and audit trail, ready for supervisory review.
From exchanges to OTC desks, KYCifi makes the Travel Rule operational, not just understood.
See how KYCifi combines specialist compliance expertise and intelligent technology to support virtual asset businesses.
Questions? Contact contact@kycifi.com
Assess your Travel Rule obligations under FATF Recommendation 16 and PVARA NOC Regulations 2025. Complete all four steps to receive your compliance score, gap analysis, and action plan.
If your VASP does not conduct transfers, Travel Rule obligations may not apply. However confirm with your compliance officer before concluding this.
Cross-border transfers trigger full Travel Rule obligations under FATF Recommendation 16. You must transmit originator and beneficiary information to the receiving VASP for every qualifying transfer.
Transactions over $1,000 (or equivalent) trigger Travel Rule information requirements under FATF Recommendation 16. You must collect and transmit originator and beneficiary information for all such transfers.
LÆdar will analyse your compliance position and generate a tailored action plan with specific remediation steps, recommended Travel Rule solutions, and a realistic implementation timeline.