In the BVI Travel Rule requirements are set forth in the ANTI-MONEY LAUNDERING AND TERRORIST FINANCING (AMENDMENT) CODE OF PRACTICE, 2022 ("Regulations").
Threshold
Amount | Currency | Source |
1000 | USD | Confirmed with the local regulator |
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 | Address |
| No | Yes |
Originator | Account number |
| No | Yes |
Originator | Date and place of birth |
| No | OR |
Originator | Customer identification number |
| No | OR |
Originator | National identity number |
| No | OR |
Beneficiary | Name |
| No | Yes |
Beneficiary | Account number |
| No | Yes |
(*) Section 41B and 41C of the Regulations
(**) YES = Required ; OR = Alternative fields