Phase 3: RESPOND - Start responding to attestations and sharing KYC/IVMS data with peers

Phase 3 is the most involved from an implementation standpoint and enables VASPs to share KYC/IVMS data between peers and meet the most stringent requirements of the Travel Rule. Phase 3 requires VASPs to define business logic with respect to their end-to-end handling of transfers and how to integrate with Veriscope.

Key considerations for VASPs

  • Wallet & name screening flows

  • Accept/reject logic

  • Operational procedures