TR Self Declaration

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, typically €1000).
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.

Monitoring

An event in the master log will be generated each time it is used:

“UNHOSTED” will appear in the details of the Outgoing transfer.

VIDEO: Self-declaration flow at the BATM:

Adjust the text for the self-declaration screen in:
- Terminal > Custom Strings > travel_rule_self_declaration.