Updated Travel Rule guidance for virtual asset service providers
We have updated our Travel Rule guidance note to reflect maturing global standards and insights from our 2024 Travel Rule examinations with Jersey virtual asset service providers (VASPs).
What’s new?
- additional definition and detail for intermediary VASPs providing clarity under different service models
- reinforced expectations to keep Jersey among the most advanced jurisdictions for Travel Rule implementation
Background
The Travel Rule is a critical global standard for transparency in virtual asset transfers. Our updated guidance helps VASPs stay aligned with international best practices and local regulatory obligations to maintain Jersey's position as one of the most advanced jurisdictions for Travel Rule implementation.
Next steps
We encourage all VASPs to review the updated guidance and ensure they have a clear understanding of their obligations.