Terminology

Term	Definition
Anonymous Transfer	From the perspective of the receiving VASP, an anonymous transfer refers to a transaction where the Travel Rule data is missing, making it impossible to identify the sender. Using Code’s 'Search VASP by TXID' feature, the sender and originating VASP can be traced through reverse lookup, ensuring compliance and transparency.
FATF	The FATF is the most extensive and influential international organization established to prevent money laundering and terrorist financing. It sets guidelines, including the Travel Rule, that influence laws worldwide.
Sunrise Issue	Just as the sun rises at different times across countries, the timing and intensity of regulatory enforcement also vary, creating potential challenges. A 'sunrise issue' refers to situations where regulations come into effect at different times in different jurisdictions. In such cases, it is crucial to follow the stricter regulation to prevent confusion and ensure compliance across borders.
Travel Rule	Commonly referred to as FATF Recommendation 16, this mandate requires the verification and recording of sender and receiver information during asset transfers to prevent money laundering.
IVMS101	Messaging standard for information exchange between VASPs. nCODE provides separate explanations at IVMS101 Type and IVMS101 Required Fields , IVMS 101 Names pages.