New systems support identity checks, transaction monitoring, counterparty verification and cross-border information exchange under FATF requirements
On 13 August 2026 Thailand-based digital asset broker Bitazza Thailand announced that it had completed the implementation of infrastructure for the Travel Rule standards scheduled to be implemented by the country’s Securities and Exchange Commission (SEC) for covered digital-asset transfers.
The project addresses the need to collect, verify, retain and exchange identifying information about the originators and beneficiaries of qualifying transfers. Previously, these activities required integration with customer-verification, anti-money-laundering, transaction-monitoring and counterparty processes. The regulatory change has also created a requirement for firms such as Bitazza Thailand to exchange information with other virtual-asset service providers through compatible systems.
In 2025, the firm had begun working with a technology vendor on customer verification, anti-money laundering checks and risk management, subsequently adding Travel Rule capabilities to its compliance infrastructure to automate or coordinate the exchange of required transfer data with external virtual asset service providers.
The implementation uses:
- Identity verification and customer due-diligence workflows
- AML, sanctions and fraud-risk screening
- Transaction monitoring and suspicious-activity detection
- Travel Rule data collection for originators and beneficiaries
- Counterparty VASP identification and due diligence
- Interoperable messaging across supported Travel Rule protocols
- Rules-based handling of jurisdiction-specific requirements
- Wallet-address records for transfers involving unhosted wallets
- Transaction-status monitoring, response timeouts and exception handling
- Audit records for inbound and outbound data exchanges
The system supports the exchange of information required under Financial Action Task Force Recommendation 16, although implementation details such as transaction thresholds, supported assets, production status and handling of failed data exchanges were not disclosed.
The firm’s CEO, Tanawat Sutuntivorakoon, said the company had “invested in upgrading our compliance infrastructure ahead of the official implementation” so its services could continue to meet applicable security and transparency requirements.
According to Penny Chai, Vice President (APAC), Sumsub, the technology vendor engaged by Bitazza for the project, the platform combines “secure cross-border data exchange” with identity-verification and risk-management functions for regulated businesses.
