21 Analytics' Travel Rule Solution: Up and Running in 1 Hour

21 Analytics’ Travel Rule solution, 21 Travel Rule, can be up and running in 1 hour, provided a valid 21 Travel Rule license is owned. Below, we explain how VASPs can quickly become Travel Rule compliant in 3 straightforward steps, according to their compliance needs.  

Step 1: Get a 21 Travel Rule License

Get in touch with 21 Analytics. You can do this via email, LinkedIn, or by clicking here. We will walk you through our product and support you to realise the approach that best meets your Travel Rule compliance needs. 

Step 2: Choose Your Approach

As mentioned above, we will help guide you through the various options available. 21 Travel Rule can be used via the Compliance Dashboard, the AOPP Portal for your customers, and, in addition, integrated with our API*. 

*Integration via the API allows for a high level of automation for VASPs with a larger scale of transactions and proofs.

21 Travel Rule Used Via the Compliance Dashboard

We offer our Compliance Dashboard to handle Travel Rule messages with counterparty VASPs. Moreover, address ownership proofs for self-hosted wallets can also be managed here. 

Using the Compliance Dashboard exclusively is best suited for VASPs that process a limited number of transactions per day. The advantage is that, if using the full-featured Compliance Dashboard, zero integration is required.

21 Travel Rule’s compliance dashboard allows the following functionalities:

• Sending of Travel Rule messages

• Reviewing of incoming Travel Rule messages

• Obtaining Travel Rule messages from the Archive

• Manage counterparty VASPs

• Request AOPP proofs from your customers

• AOPP proof retrieval and inspection

• Exporting of Travel Rule data for Excel

• Generate Reports

VASPs that have integrated with our API can still use the Compliance Dashboard for compliance everyday tasks like screening suspicious transactions or blocking customer accounts. A positive of integrating with the API means that VASPs can automate routine tasks.

21 Travel Rule Used Via the AOPP Portal

We offer the AOPP Portal web application to automate customer interactions to obtain address ownership proofs. The AOPP Portal is scalable, supporting VASPs as they grow with zero limits. 

Step 3: Over to the IT Team 

Once you feel comfortable with the product, your IT Team can take over. Using our Product Documentation as a guide, your IT Team will have your version of 21 Travel Rule up and running in less than an hour. In the rare instance that the Team stumbles upon an issue, we will gladly assist them. 

Reach out to us to get started.