WIP NOTICE: These jurisdictional rules are not yet implemented in production.
In Dominica, Travel Rule requirements are set forth in the VIRTUAL ASSET BUSINESS S.R.O. 19 ("Regulations").
Threshold
Amount | Currency | Source |
N/A | N/A | N/A |
Transfers of virtual assets are always subject to the same scope of Travel Rule obligations. The scope of information to be transmitted does not vary with 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 and the ordering institution transmits the transfer message via BECS, BPAY, or DEFT, only tracing information is required. 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 Identification Card number or passport number |
| OR |
Originator | Client identification number |
| OR |
Originator | Place of birth |
| OR |
Beneficiary | Name |
| Yes |
Beneficiary | Virtual asset account number |
| Yes |
(*) According to Section 13 of the Regulations.
(**) The IVMS101 standard does not provide a dedicated field solely for place of birth; instead, this information is captured within the combined dateAndPlaceOfBirth field. Since Dominica does not require the date of birth, the date component of this field may be populated with placeholder data where necessary.