In Jersey, Travel Rule requirements are set forth in the JFSC Guidance Note (the "Guidance").
Threshold
Amount | Currency | Source |
1000 | EUR | Section 3.7.4 the Guidance |
In case there are reasonable grounds for suspecting that the funds are connected to money laundering or financing of terrorism, the transfer falls within the scope of the Travel Rule. Our system currently enforces 1000 EUR as the threshold by default.
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 | OR |
Originator | Birth certificate, passport number, or national ID card number |
| No | OR |
Originator | Customer identification number |
| No | OR |
Originator | Date and place of birth |
| No | OR |
Beneficiary | Name |
| No | Yes |
Beneficiary | Account number |
| No | Yes |
The transaction hash number is also mandatory. This field can always be included in the transaction payload.
(*) According to Section 3.4 of the Guidance
(**) YES = Required ; OR = Alternative fields