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JFSC video on unpacking the travel rule for VASPs.



  • On 1 September 2023, Jersey passed legislation to extend the existing Wire Transfer Regulations to apply to VASPs.
  • it aims to bring virtual asset transaction regulation in line with traditional finance and align it with the Financial Action Task Force (FATF)’s Recommendation 15, which requires VASPs to collect specific due diligence on virtual asset transfers.
  • This requirement for VASPs is known as the travel rule.
  • The JFSC guidance note [below] aims to clarify the expectations of VASPs under different circumstances and how VASPs can demonstrate they are taking reasonable measures to comply.


  • Watch the JFSC VASP Supervision senior managers Sam Davison and Thomas Shaw discuss the JFSC recently published ‘travel rule guidance note’ and answer your frequently asked questions.

Topics include: 

  • What a VASP is
  • What is in scope
  • What due diligence VASPs must collect on transfers
  • How to demonstrate reasonable steps to comply with the travel rule
  • How to deal with jurisdictions that are not yet compliant with the travel rule?

Read the travel rule guidance note


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