Travel Rule Compliance for Virtual Currency Transfers
When crypto moves between businesses, information about who sent it and who receives it has to travel with it as well. We help virtual currency businesses meet the Travel Rule in Canada.
What the Travel Rule Requires of You
The Travel Rule means that when you send virtual currency above the threshold, set details about the sender and recipient must go with it. You have to collect that information, pass it to the receiving business, and keep a record. We help you build the process that captures and transmits data on every qualifying transfer.
The Counterparty Data Problem
The hard part of the Travel Rule is the other side. You can only pass information to a receiving business able to receive it, and not every business is ready, which leaves gaps. We help you handle counterparty checks, work through the practical problems of exchanging data, and screen what you receive, so your transfers stay compliant even when the other side is not ready.
Data Capture
We build the process that collects the sender and recipient information required.
Secure Transmission
We help you pass required transfer information to the receiving business safely.
Counterparty Checks
We help you check the businesses you send virtual currency to.
Record Keeping
We build the record keeping the Travel Rule requires you to hold.
Ready to Simplify Your Compliance?
Businesses We Support and Guide
We support crypto exchanges, virtual currency dealers, crypto wallet providers, crypto transfer services, custody firms, and the other virtual currency businesses meeting their Travel Rule obligations under the PCMLTFA in Canada.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why Businesses Choose Our Compliance
Data Ready
We build the capture and transmission the rule needs, so required information travels with every qualifying transfer you send.
Counterparty Aware
We help you handle the receiving side, so gaps with other businesses do not quietly break your compliance.
Fully Recorded
We build the record keeping behind it, so every transfer you make can be evidenced when a regulator asks.
Serving Businesses Across Canada
We support virtual currency businesses right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign businesses handling Canadian transfers wherever they happen to be based.
Let's Talk About Your Compliance Needs
Schedule a Free Consultation
Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
Travel Rule Questions
Clear answers to the questions virtual currency businesses ask most about meeting the Travel Rule across Canada under the PCMLTFA.
What is the Travel Rule?
It requires set information about the sender and recipient to accompany a virtual currency transfer that moves between businesses above the threshold.
When does the Travel Rule apply?
It applies when you transfer virtual currency above the set threshold to or from another business, triggering the information requirements.
What information must travel with a transfer?
Set details identifying the sender and the recipient, so the receiving business receives who is behind the transfer alongside the value moved.
How does this differ from crypto AML?
The Travel Rule is one obligation within crypto AML. This page covers that rule in depth rather than the whole program.
What if the other business cannot receive?
We help you handle that. You check counterparties, record your efforts, and manage the gap where a receiving business is not ready.