Transfer Status
The status of a Travel Rule transfer evolves as it moves through different stages of processing. Each status reflects a specific point in the transfer lifecycle. These status updates help track progress, identify bottlenecks.
Sample Flow
1. User → Originator VASP A: Initiates Withdrawal Request 2. Originator VASP A → Ospree: Create Travel Rule Transfer 3. Ospree → Beneficiary VASP B: Send Travel Rule Message 4. Beneficiary VASP B → Ospree: Respond. Action "accept" or "reject" 5. Ospree → Originator VASP A: Pass Beneficiary Response If "Accepted" 6a. Originator VASP A → Initiate Blockchain Transaction 6b. Originator VASP A → Ospree: Update Transfer respond action "complete" If “Rejected” without retry 6c. Originator VASP A → Customer: Notify Customer of Rejection 6d. Originator VASP A → End: Cancel Withdrawal If “Rejected” with retry 6e. Originator VASP A → Originator VASP A: Repair Travel Rule Data 6f. Originator VASP A → Ospree: Update Transfer. Action "repair" 6g. Ospree → Beneficiary VASP B: Re-send Updated Travel Rule Message 6h. Beneficiary VASP B → Ospree: Respond. Action “accept” 6i. Ospree → Originator VASP A: Forward New Response 6j. Originator VASP A → Initiate Blockchain Transaction 6k. Originator VASP A → Ospree: Update Transfer. Action "complete"
INITIATED
The transfer request is sent to the beneficiary VASP using the Create Transfer endpoint.
REVIEW
The transfer request is being reviewed by the beneficiary VASP.
CANCELED
The originator VASP canceled the transfer request using the Action Transfer endpoint.
REVIEW
The originator VASP updates the transfer request based on the rejection reason using the Action Transfer endpoint.
REJECTED
The beneficiary VASP rejected the originator VASP’s request, providing a reason and indicating whether a retry is allowed, using the Action Transfer endpoint.
ACCEPTED
The beneficiary VASP accepted the transfer request, allowing the originator VASP to proceed with executing the crypto transaction using the Action Transfer endpoint.
COMPLETED
The originator VASP has completed the execution of the crypto transaction using the Action Transfer endpoint.
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