Travel Rule
Due to regulatory requirements, Request Technologies UAB requires the identification of originator and beneficiary ("Travel Rule")
To comply with global anti-money laundering (AML) regulations, specifically the Travel Rule (see https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1113), Request Technologies UAB must collect a set of information about the sender and the receiver of all offramps. This includes verifying the ownership of unhosted wallets (i.e. self-custody wallets like MetaMask, Ledger, etc.).
To ease your users' experience, we use Sumsub to verify ownership of unhosted wallets used for payments. The process ensures the wallet belongs to your user and can be used for payouts. Users only need to verify new wallets once.
Whenever an offramp is made, a validation is run whether the wallet requires ownership verification or not. If verification is required, we'll send a webhook (see Travel Rule webhook) with an ID you can use to retrieve the verification link
The webhook also notifies you of any status changes in the wallet ownership verification.
Possible Status Values
Approved
approved
On Hold
onHold
Rejected
rejected
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