We are pleased to share that Ceffu, an institutional-grade custody platform, is now integrated with the Global Travel Rule (GTR) and has joined the GTR alliance. This significant development offers a competitive advantage for Ceffu's clients, as access to our GTR platform and network facilitates seamless and efficient compliance with the 'Travel Rule,'' one of the key international anti-money-laundering rules, where required by local regulators.

Playing by the Travel Rule

The Travel Rule, officially known as the Financial Action Task Force's (FATF) Recommendation 16, is a compliance reporting requirement already in effect across various jurisdictions and is set to become the universal standard in the coming years.

Making crypto compliant with existing regulatory frameworks and interoperable with traditional legal and financial systems is an enormous yet worthwhile task. With the help of our platform, industry players gain access to a secure and streamlined solution to navigate the FATF Travel Rule requirements due to the following features:

• Holistic: GTR streamlines the process by allowing multi-regional coverage through a single platform.
• Secure: GTR leverages secure encrypted channels to offer best-in-class data security.
• Seamless: GTR only requires one-time integration to unlock superior interoperability between many digital-asset service providers.

Ian Loh, CEO of Ceffu, shared: "Through our integration with the Global Travel Rule Alliance, Ceffu joins a network of virtual-asset service providers utilizing a shared, industry-leading solution for Travel Rule compliance. This alliance's platform offers extensive applicability, robust data protection mechanisms, and streamlined integration processes."

Following their integration with us, Ceffu is now part of a network of virtual-asset service providers utilizing the same industry-leading solution to stay aligned and up-to-date with the Travel Rule. The extensive applicability, robust data protection mechanisms, and streamlined integration found within our platform provide an unparalleled level of efficiency and security for the industry players within our alliance.

Be Part of Our Compliance Journey

We extend a warm invitation to other VASPs and Travel Rule solution providers to also join this pivotal mission. Together, we can enhance trust within the crypto ecosystem and address collective compliance needs.

To find out more and register, do visit our website: https://www.globaltravelrule.com/en/home.