Does the tool cover all VA types? 

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Does the tool enable beneficiary VASPs to obtain and handle a

reasonably large volume of transactions from multiple destinations in

a secure and stable manner?

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Does the tool enable ordering VASPs to submit the required and

accurate originator and required beneficiary information to

beneficiary VASPs immediately upon or prior to a VA transfer on a

blockchain/distributed ledger technology platform?

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Does the tool enable an ordering VASP to locate the counterparty

VASP for VA transfers? (This is not a mandatory tool function but

identifying the counterparty can be the first challenge for ordering

VASPs).

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Does the tool provide VASPs with a communication channel to help

follow-up with a counterparty VASP to:

Seek information on the counterparty VASP to allow the

VASP to conduct required counterparty due diligence; and

request information on a certain transaction to determine if

the transaction involves high-risk or prohibited activities?

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Does the tool provide functions to facilitate meeting record-keeping,

transaction monitoring, and reporting obligations (e.g., securely

retaining data for 5 years/ allow user VASPs to download data),

while being in line with national data protection requirements?

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Does the tool allow Travel Rule information to be submitted to

VASPs using different tools?

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