FATF Travel Rule Compliance (Recommendation 16)
VASP + AML officer · used for VASP onboarding · Cross-border crypto transfer · Sumsub / Notabene integration
Anyone trading, staking, receiving airdrops, or minting NFTs cannot skip the FATF Travel Rule Compliance (Recommendation 16) — it limits tax penalties and AML exposure.
End-to-end: Bitkub basics → Binance/Bybit foreign → DeFi LP/staking → NFT mint → FBAR/Form 8938 → FATF Travel Rule.
Preparation at VASP + AML officer takes 10-30 working days at 20,000-65,000 บาท. We reconcile data from every exchange and wallet before drafting.
Our 14-country crypto-counsel network (US CPAs, UK CTAs, German Steuerberater, French Expert-comptable, Japanese 税理士, SG Tax Agents) confirms that cost basis and treatment match the destination regime.
Supported feeds: Binance, Bybit, OKX, KuCoin, Coinbase, Kraken, Bitkub, Satang, Zipmex, MetaMask, Ledger, Phantom, OKX Web3, Etherscan, BscScan, Solscan, Arbiscan, OPscan, plus in-house on-chain parsers.
First-pass acceptance: 97-99%.
Coverage
How it works
- 1
Intake & exchange/wallet linkage
Read-only API + CSV import from every CEX/DEX + on-chain addresses (BTC, ETH, BSC, SOL, ARB, OP).
- 2
Cost-basis reconciliation
Koinly/CoinTracker + custom parser — fix missing tx, internal transfers, duplicates, wrapped tokens, NFTs (10-30 days).
- 3
Prepare FATF Travel Rule Compliance (Recommendation 16)
Thai/destination crypto-tax adviser using jurisdiction-correct method (FIFO/HIFO/Spec ID / Section 104 / 1-yr hold).
- 4
Two-stage QA
Per-lot P&L · airdrop/fork classification · staking FMV at receipt · NFT mint vs sale.
- 5
File & retain
e-Filing IRS/HMRC/ATO/NTA/IRD/Thai RD + 5-7 year evidence retention per jurisdiction.
Frequently asked questions
Which wallets/exchanges does the FATF Travel Rule Compliance (Recommendation 16) support?
VASP onboarding, Cross-border crypto transfer, Sumsub / Notabene integration plus 80+ platforms via Koinly Enterprise.
Total cost?
20,000-65,000 บาท + Koinly Pro/Enterprise (USD 199-499/yr) — > 50K tx requires enterprise tier.
How are DeFi LP, staking, lending treated?
LP add/remove = disposal · staking reward = ordinary income FMV at receipt · lending = ordinary income (US/UK) / Box 1 (NL) / 雑所得 (JP).
NFT mint vs flip?
Mint = cost basis (gas + price) · flip = capital gain · royalty = ordinary · US collectible rate 28% for certain NFTs.
Are airdrops immediately taxable?
US: ordinary income FMV at constructive receipt (Rev. Rul. 2023-14) · UK: misc income · DE: §22 Nr.3 · TH: assessable Sec.40(8).
Does wash sale apply to crypto?
US: NOT YET applied (BBB proposal) · UK: 30-day rule applies · AU: wash-sale anti-avoidance · JP: not applied.
Thailand — do I file even on small gains?
Under the 2018 Emergency Decree, 15% WHT applies; 2025 exemption for TH-licensed exchanges (Bitkub, Satang, InnovestX). Binance/Bybit still self-filed.
Non-compliance penalties?
FBAR: USD 10K non-willful / USD 100K willful · Form 8938: USD 10K + 40% accuracy · UK: 100% potential lost revenue · DE: 5-10% Strafsteuer · TH: 2%/month.