In Mauritius, Travel Rule requirements are set forth in the Virtual Asset and Initial Token Offerings Services Act 2021 (”Act”) and the Virtual Asset and Initial Token Offerings Services (Travel) Rules 2022 (”Rules”), together the "Regulations".
Threshold
Amount | Currency | Source |
N/A | N/A | N/A |
Crypto asset transfers are always subject to the same scope of obligations. This means that the scope of information that needs to be transmitted does not vary depending on the transaction amount.
Required Originator and Beneficiary information vs Notabene system for natural person
By default, the system applies cross-border requirements to all transactions. Where the transfer of value is domestic, section 4(3) of the Rules allows for the transmission of originator information only. The system assumes this domestic condition is not met.
Party to the TX | Information (*) | IVMS field | Required? (*) |
Originator | Name |
| Yes |
Originator | Virtual asset account number |
| Yes |
Originator | Physical address |
| OR |
Originator | National Identity Card number or passport number |
| OR |
Originator | Customer identification number |
| OR |
Originator | Place of birth |
| OR |
Beneficiary | Name |
| Yes |
Beneficiary | Virtual asset account number |
| Yes |
(*) According to Section 19 of the Act.
(**) Section 19 of the Act requires the inclusion of the place of birth only. However, the IVMS standard does not provide a standalone field for place of birth. To address this, the system uses the dateAndPlaceOfBirth field to capture this information. Where necessary, the date of birth component may be populated with placeholder data.