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FATF Recommendation 16 (Travel Rule)

FATF Recommendation 16, also known as the 'Travel Rule', is the global AML/CFT standard for virtual assets. It requires Virtual Asset Service Providers…

What FATF Recommendation 16 (Travel Rule) requires

FATF Recommendation 16, also known as the 'Travel Rule', is the global AML/CFT standard for virtual assets. It requires Virtual Asset Service Providers (VASPs) to collect and transmit originator and beneficiary information for all virtual asset transfers exceeding $1,000 to prevent money laundering and terrorist financing.

Pillar: Financial Crime, AML & Sanctions · Authority: Financial Action Task Force (FATF) · Version: 1.1.0 · Last updated:

Primary source: https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Fatf-recommendations.html

SHA-256 integrity: 87c377af648f07c627dd96aac1fe08c10c259900a27f84069a98626cbc03d6d5

Primary Citations — 6 traced to source

  • FATF Recommendation 16 (Wire Transfers) and Interpretive Note to Recommendation 16
  • FATF Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (2021), Paragraphs 112-224

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