Originator VASP

An originator VASP is an entity that sends funds or benefits from the originator customer or a customer’s self-hosted wallet to the beneficiary customer.

Per the Financial Action Task Force's (FATF) Travel Rule, the originator VASP is responsible for

  • Submitting the necessary originator data to the beneficiary VASP. This data needs to be verified as part of the originator VASP’s customer due diligence process. 

  • Submitting the necessary beneficiary data to the beneficiary VASP. 

  • Obtaining the necessary originator data and maintaining a record thereof. 

  • Screening the beneficiary to confirm that the beneficiary is not a sanctioned name.  

  • Monitoring the transaction and reporting it should it raise any suspicions.

Cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.
Accept