Travel Rule
For transfers at and above your threshold, SQRL Enterprise captures originator and beneficiary information and exchanges it with the counterparty before the transfer is signed.
Required permissions: Manage compliance (MANAGE_COMPLIANCE) to configure; Initiate movement (INITIATE_PAYMENT) to supply information on a transfer.
#Setting the threshold
On the Compliance page's Travel Rule tab, set the amount at and above which the Travel Rule applies, per asset.
#Transfers at or above the threshold
When an initiator creates a transfer that meets the threshold, the movement wizard asks for the originator and beneficiary details your jurisdiction requires. The information is recorded with the movement and shared with the receiving institution before the transfer goes for signing. Travel Rule and AML obligations sit at the participant layer, alongside the identified onboarding of every institution on the network.
#Records
The Travel Rule tab lists every record with its transfer, counterparty and exchange status, and can be exported with your other compliance data.