To apply the Sumsub Travel Rule solution to your transactions, you need to configure Travel Rule settings. In the Dashboard, go to the Transactions and Travel Rule section, and in the Settings, select General.

Explore the settings described below and set preferences for your operations to ensure that your transactions are processed properly.

Confirmation timeout

Use this setting to specify the time period during which you want to receive the Travel Rule data exchange transaction details from the beneficiary VASP. It works when the data transfer status is OnHold or Awaiting counterparty. Within the specified period, the counterparty VASP must review the customer details and confirm or decline the data match:

• If the confirmation timeout is disabled, then the enabled rules work as expected.
• If the confirmation timeout is enabled, the counterparty VASP has to respond within the allotted time. If the response has not been received and the configured time has expired, the transaction will be automatically approved. The data transfer will get the Expired status.

Participant data

This setting allows you to select which originator and beneficiary participant data will be checked in accordance with the following rules:

• Not enough originator information — If any of the selected fields in the originator information are missing, the transaction will be rejected.
• Not enough beneficiary information — If any of the selected fields in the beneficiary information are missing, the transaction will be rejected.

You can select all fields or only the appropriate options from the list:

• Payment address
• External ID
• Full name
• Date of birth
• Place of birth (applicable only to the originator participant data)

Confirmation ownership mode

Choose confirmation ownership mode to set up the way your transactions will be validated based on the wallet ownership data. You can store this data to automate the validation process, or choose to manually manage each transaction.