In the United States of America Travel Rule requirements are set forth in the 31 CFR 1010.410 (f) ("Regulations").
Threshold
Amount | Currency | Source |
3000 | USD | 31 CFR 1010.410 (f) |
Required Originator and Beneficiary information vs Notabene system
Party to the TX | Required information (*) | IVMS field | Required < Threshold? | Required > Threshold? |
Originator | Name |
| No | Yes |
Originator | Account number |
| No | Yes |
Originator | Address |
| No | Yes |
Beneficiary | Name |
| No | Yes (**) |
Beneficiary | Account number |
| No | Yes (**) |
(*) According to 31 CFR 1010.410 (f) 1 (i), (ii) and (vi) (A) and (B) of the Regulations. The data required in 31 CFR 1010.410 (f) 1 (iii), (v) and (vii) - the amount of the transmittal order; the identity of the recipient's financial institution; the name and address or numerical identifier of the transmittor's financial institution - are included in the transaction payload. The execution date of the transmittal order is available on chain and accessible via the transaction hash, which shall be included in the Travel Rule transfer by the Originator VASP.
(**) According to article 31 CFR 1010.410 (f) 1 (vi), the transmittor's financial institution shall transmit as many information about the recipient as are received with the transmittal order. Currently, the Notabene system enforces name and account number to align with the global standard. Additional fields can be supported at request.