Sunrise Issue

The Travel Rule, which requires VASPs to share specific transaction data, faces significant global compliance challenges due to its staggered implementation. In other words, various countries have adopted the Travel Rule at different intervals, resulting in a nonuniform enforcement approach. This issue - the "Sunrise Issue" - is metaphorically linked to how the sun rises at different times worldwide.

This staggered implementation creates a significant problem: VASPs compliant with the FATF Travel Rule must collect customer details and share this data counterparties in regions that still need to adopt the Travel Rule.

This misalignment disrupts the smooth processing of transactions and complicates the essential data transfer and verification processes required for compliance.

Learn how to Be Travel Rule Compliant When Your Counterparties Are Not