Released in CAS version 20241231
Self-declaration enables your customers to transact (under a certain monetary limit) under the customer’s assertion that the customer’s wallet qualifies under the Travel Rule.
The customer, at the time of the transaction, asserts/declares that their wallet complies.
SInce the Travel Rule always requires AML/KYC, you’ll use AML/KYC to set the limit that the customer is held to. For example, if the Travel Rule in your region is very restrictive over €1000, you’ll use the more relaxed AML/KYC setting (e.g. Not Registered) for transactions under €1000.
To enable self-declaration:
Activate the option in an appropriate Travel Rule Setting.
Set the Maximum Amount (permitted in your region).
Set the currency type for the limit. The currencies will be automatically converted when necessary.
Assign the Travel Rule to either the Not Registered, Registered, or the VIP AML/KYC tier.
Remember that the customer name must be collected for compliance, so anonymous transactions violate the Travel Rule.
AML/KYC Notes
Limit priority application:
AML limits > limit for self declaration: self declaration limit is used.
AML limits < limit for self declaration: AML limits are used.
VIP limits for Identity > limit for self declaration: self declaration limit is used.
VIP limits for Identity < limit for self declaration: VIP limits are used.
Notes
An event in the master log will be generated each time it is used:
Self-declaration at the BATM:
Adjust the text for the self-declaration screen in:
Terminal > Custom Strings > travel_rule_self_declaration.