BSA & FATF Travel Rule Compliance Solution

Nuggets’ verified digital identities give you a secure, seamless, one-time process for verifying new customers.

Meet the BSA FATF, KYC and AML requirements, save time and money, and become a trusted partner for clients. All in one go.

All your customers have to do is scan government issued IDs (like a passport or driving licence), confirm with biometrics. Private, secure, verified, cryptographically assured credentials only with the relevant parties.

And because they’re reusable, our identities and credentials save customers time and fuss. Once they’ve uploaded their information, their credentials can be re-used and re-verified as many times as required. Self-sovereign trusted transactions every time.

Information Type	Requirement	FATF	BSA	Nuggets
Originator Information	Name	Required	Required	VERIFIED
	Account Number	Required	When Available	Sending institution information
	Address	Required (Alternative A)*	Required	VERIFIED from Driver's License
	National Identity Number	Required (Alternative B)*	N/A	VERIFIED from Passport or National Identity Card
	Customer Identification Number	Required (Alternative C)*	N/A	Sending institution information
	Date and Place of Birth	Required (Alternative D)*	N/A	VERIFIED from Passport or National Identity Card
	Identity of Financial Institution	N/A	Required	Sending institution information
	Transmittal Amount	N/A	Required	Sending institution information
	Execution Date	N/A	Required	Sending institution information
Recipient Information	Name	Required	If received	Provided by sender
	Address	N/A	If received	N/A
	Identify of Financial Institution	N/A	Required	Provided by sender
	Account Number	Required	If received	Used to process transaction
	A specific identifier of recipient	N/A	If received	N/A

*Address can be substituted for national identity number, or customer identification number, or date and place of birth.

Nuggets resolves FATF Travel Rule

Nuggets helps satisfy AML and CTF obligations and safeguards PII data.

Nuggets verifies and screens customers are legitimate before they even connect to the service
We tie every transaction to a verified identity
Through Nuggets, the information is transmitted “immediately” and “securely” consistent with FATF requirements
Our self sovereign auditable nuggets mean you no longer need to keep PII data but are granted access to data for regulatory and auditing purposes
Auditable data is maintained in an encrypted form on a secure cloud based system accessible only by an institutions own Decentralized Identifiers (DIDs)
VASPs and FIs are verified and establish DID preventing fake VASPs masquerading as legitimate VASPs
Nuggets self sovereign identities mean that individuals own and control their data preventing harvesting, data mining, and selling user PII data
Accuracy is guaranteed through cryptographic proof with W3C Verifiable Credentials
Without fulfilling the rules of the transaction no transaction could take place
Nuggets uses the Open DID standard allowing for global interoperability
Nuggets can be combined with wallets address verification products & services

Auditable nuggets

We protect customer privacy by giving the designated parties access to time-restricted nuggets of information, for regulatory or auditing purposes. No one else has access. That means streamlined compliance, massively reduced risk of a breach, and fewer data storage costs.

Owned and controlled by the customer

With Nuggets, you can offer self-sovereign trusted transactions with a reusable digital identity and secure digital document vault – at no extra cost. Become a trusted partner for clients, and gain an edge on the competition.

Comply with FATF Travel Rule requirements with Verified Self-Sovereign Digital Identities

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Nuggets’ verified digital identities give you a secure, seamless, one-time process for verifying new customers.

Nuggets resolves FATF Travel Rule

Auditable nuggets

Owned and controlled by the customer

Fully customisable. Easy to integrate. Cross-platform.

Contact Nuggets