The Travel Rule is a global regulatory requirement designed to make Virtual Asset (VA) transactions more transparent and secure. Introduced by the Financial Action Task Force (FATF), it helps prevent money laundering, terrorist financing, and other financial crimes.

When customers transfer virtual assets between regulated platforms (such as exchanges or custodians), the Travel Rule requires these platforms to share specific sender and recipient information along with the transaction. This information “travels” with the transfer, hence the name.

What information is shared?

Depending on jurisdiction and transaction amount, the following details may be shared:

• Sender information: name, account number (or wallet identifier), sometimes location details

• Recipient information: exchange name, account number (or wallet identifier), wallet address

• Transaction information: type of virtual asset, amount, and network used

When does it apply?

• Typically applies to exchange-to-exchange transfers and sometimes custodial wallets

• Transfers to unhosted/private wallets may require additional verification, such as proof of ownership

Why is it important? 

• Ensures compliance with global Anti-Money Laundering (AML) standards

• Builds trust and transparency in the virtual asset ecosystem

• Helps regulators and service providers track and prevent suspicious activities

The Travel Rule means that when you withdraw virtual assets to another regulated exchange, the system must securely transmit sender and recipient information between platforms before the transfer can be completed.

If you experience any issues or require further assistance, please contact the OSL Global Support Team through the app, platform, or by emailing [email protected].