Overview
Rem operates as a software provider and compliance middleware. We help licensed institutions (VASPs, MPIs) automate their regulatory obligations without taking custody of funds.
Regional Compliance Matrix
Rem comes pre-configured with regional thresholds and requirements for key financial hubs.
| Jurisdiction | Authority | Travel Rule Threshold |
|---|
| Singapore | MAS (PS-N02) | SGD 1,500 (~USD 1,100) |
| UAE | VARA / CBUAE | AED 3,500 (~USD 1,000) |
| Hong Kong | SFC / HKMA | HKD 8,000 (~USD 1,000) |
| Australia | AUSTRAC | AUD 1,000 (~USD 650) |
Travel Rule Implementation
Our IVMS101.2023 compliant engine handles the complex orchestration of Travel Rule data:
- Threshold Detection: Automatically detects transactions exceeding regional limits.
- Data Attachment: Attaches originator and beneficiary data in standard IVMS format.
- Format Validation: Ensures all compliance data meets global standards before transmission.
- Endpoint Orchestration: Calls the counterparty VASP’s Travel Rule endpoint.
- Caching: Implements a 24-hour TTL cache for Travel Rule responses to optimize performance.
Compliance Stack integrations
Rem integrates with leading compliance vendors (determined by client need):
- KYC/KYB: Sumsub
- KYT (Transaction Monitoring): Chainalysis, TRM Labs, Merkle Science, or Scorechain.
- Sanctions Screening: Real-time checks against global watchlists.
Software vs. VASP Model
Rem operates as a software provider and consulting firm. We do not hold client funds or provide custodial services. This allows us to serve licensed MPI and VASP clients as a technical partner efficiently.
