Today, Fireblocks is launching our new Fireblocks Compliance Solutions Suite to streamline and simplify how our customers meet digital asset regulatory requirements, and stay ahead of industry threats.
The new suite enables Fireblocks customers to easily integrate transaction monitoring, wallet screening, and Travel Rule compliance into their existing transaction and compliance workflows and approvals.
Current integrations with Chainalysis and Elliptic enable our customers to build KYT (Know Your Transaction) & AML (Anti-Money Laundering) into their daily operations; now, we are expanding the suite by integrating with Notabene for Travel Rule compliance.
Customers utilizing any of these integrations will be able to:
- Save time and resources by utilizing a single dashboard for compliance operations, instead of managing multiple compliance vendor environments
- Easily configure transaction policies based on compliance rules and risk scores generated by our compliance integrations
As the world embraces the rapid advancement of Web3 and digital assets, we need to ensure our solutions strike a balance between regulatory compliance and the inherent agility of this fast-paced technology sector. By partnering with industry-leading digital asset compliance solutions like Notabene, we are empowering our customers to navigate complex compliance requirements across multiple jurisdictions with ease. We are proud to provide our customers with an all-in-one suite for remaining compliant with ease, allowing them to focus on what matters most – innovation and growth.Jason P. Allegrante Chief Legal & Compliance Officer
Streamlining Travel Rule Compliance with Notabene
Our latest integration with Notabene comes as the industry experiences a rise in regulatory uncertainty. Following recent events surrounding FTX and Binance, regulations continue to evolve and become more stringent. There is an urgent need for solutions that ensure institutions remain compliant.
The new FATF Travel Rule requires virtual asset service providers (VASPs) to collect and disclose specific customer data when transacting digital assets over a particular value threshold. However, disclosure, threshold requirements, and enforcement vastly differs across global jurisdictions and is a challenge to keep track of. A simple solution is required for managing Travel Rule requirements no matter where a business operates, to ensure compliance for themselves and their counterparties alike.
We are excited to partner with Fireblocks to offer the first fully integrated solution between custody and the Travel Rule. The integration ensures that all transactions going to and from Fireblocks are compliant by tying compliance decisions to settlement. With Notabene, users can identify and stop high-risk activity such as laundering of proceeds from exchange or DeFi hacks before it settles with Fireblocks.Pelle Braendgaard CEO
With the Notabene integration, customers are now able to:
- Approve and decline Travel Rule data transfer requests
- Automate transactions that meet your criteria
- Instantly identify and verify your business partners
- Securely exchange and store customer information
- Generate Travel Rule reports
- Support the most widely used industry protocols
Sign up to join the Notabene Travel Rule waitlist and be contacted when the integration is available.