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Originator Customer

An originator customer is an individual or entity that initiates a virtual asset transaction, usually the owner of the account or address where the virtual assets will be sent from.

In the event that there is no account, an originator can also refer to the natural or legal person who orders the transfer from the financial institution.  

When the transaction involves a virtual asset service provider (VASP) the originator is to provide specific data in regions where the Financial Action Task Force (FATF) Travel Rule is live to prevent financial crimes and boost transparency in financial transactions. This undertaking aids in reducing the potential threats associated with money laundering, terrorist financing, and other unlawful activities.

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