Multi-entity support is crucial for Travel Rule compliance, as many Originating and Beneficiary VASPs have entities in multiple locations. End customers and blockchain analytics services are unlikely to identify the subsidiary that should receive the transfer.
Notabene provides the capability to establish subsidiary VASPs that can be seamlessly nested under a parent company, thereby forming a Group VASP.
Each subsidiary will have its own profile.
Originator VASPs and their customers will only need to identify the parent company.
The parent company forwards Travel Rule data transfers to the right subsidiaries.
Moreover, the Group VASP grants the Group Admin role, providing essential administrative oversight over the entire Group VASP. This enables direct adjustments in jurisdiction, subscription, and renewal, ensuring uninterrupted platform access tailored to your evolving business requirements.
For a step-by-step guide on how to set up a Group VASP, please visit this article.
Do not hesitate to contact us at support@notabene.id if you have any questions.