The Goals of counterparty VASP due diligence are to prevent transactions with sanctioned or high-risk VASPs and to avoid sharing Travel Rule information with VASPs that lack adequate data protection controls. By sharing sensitive information with a VASP that is not trustworthy or reliable, you may be putting your customer at risk. Doing your diligence on your Counterparty VASP before sharing sensitive information is important to ensure the security of your funds and personal information, compliance with regulations, and the reliability and trustworthiness of the VASP.
Identification of Counterparty VASPs
Identify VASP counterparties through Network Discoverability, seamless integrations with blockchain analytics providers, or SafeConnect. For more information about the discoverability flow visit our Documentation.
Verification
Access Notabene's Network to get counterparty information that is up-to-date and third-party verified. Additionally, you can request access to your counterparty’s Due Diligence Questionnaire.
Automation
Build VASP Lists and set compliance rules through our Rules Engine to approve transfers from counterparties you trust automatically.
Reach out to us at Support@notabene.id if you have any questions.