Ceffu Joins the Global Travel Rule Alliance to Enhance Digital Asset Compliance
We are pleased to announce our integration with the Global Travel Rule (GTR) Alliance, a one-stop crypto compliance solution built specifically to help global businesses adhere to Travel Rule standards recommended by the Financial Action Task Force (FATF) anti-money laundering (AML) regulations, contributing to industry-wide standardization efforts.
The GTR integration connects Ceffu to a network of virtual asset service providers using advanced compliance solutions. This strengthens our adherence to anti-money laundering (AML) regulations, data protection, and interoperability within the cryptocurrency ecosystem, aligning with our ongoing commitment to innovation and excellence with compliant digital assets services that our clients can trust.
Clients of Ceffu will continue to benefit from efficient, secure digital asset services that are well-positioned to adapt to evolving regulations. We remain committed to innovation and excellence in meeting our clients' needs in this dynamic sector.
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.
“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.” - Ian Loh, CEO, Ceffu
Looking Ahead
Our integration with the Global Travel Rule Alliance marks a significant milestone in Ceffu's journey. As we continue to evolve and adapt to the dynamic cryptocurrency landscape, our commitment to regulatory compliance, security, and client-centric innovation remains unwavering.
We look forward to leveraging this new capability to provide our clients with even more robust, compliant, and efficient digital asset services, ultimately contributing to the broader adoption and acceptance of cryptocurrencies in the global financial ecosystem.
We are audited
Our solutions are ISO 27001 and 27701 certified, which assess an organization’s security and privacy controls respectively and ensure that all the right measures are implemented to safeguard our users.
We are also SOC 2 Type 1 & 2 compliant, which attests to our cybersecurity controls at a single point in time. This qualification requires auditors to analyze how Ceffu safeguards customer data and how well those controls are operating over a period of time.
Not a Ceffu client yet?
Contact us to learn more about how Ceffu’s custody and liquidity solutions can help drive your business forward, contact us using our institutional form.
-
About Global Travel Rule
Global Travel Rule offers a comprehensive platform designed to help virtual asset service providers (VASPs) navigate the complexities of cryptocurrency compliance, with a focus on the Travel Rule and anti-money laundering (AML) regulations. The service aims to create a secure environment for VASPs to thrive in the Web3 ecosystem by providing a one-stop solution for compliance needs. Global Travel Rule is committed to staying ahead of regulatory changes, offering up-to-date information and dedicated support to understand and meet evolving client requirements. By providing informed guidance and tailored solutions, the platform enables VASPs to focus on growth while maintaining compliance with global standards, ensuring peace of mind in the fast-paced cryptocurrency sector.
About Ceffu
Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Its multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets.
Institutions may also benefit from Ceffu’s secure gateway to a wide range of liquidity products within the Binance ecosystem. This can be achieved through MirrorX, our off-exchange settlement solution, provided in partnership with Binance.
Media contact: pr@ceffu.com
Stay informed
LinkedIn: Ceffu
Twitter: @CeffuGlobal