OtherInternational (FATF — 40 members)
FATF Recommendation 16 — Virtual Asset Travel Rule
FATF (Financial Action Task Force) Recommendation 16 (the Travel Rule) as applied to virtual assets requires Virtual Asset Service Providers (VASPs) to obtain, hold, and transmit originator and beneficiary information for virtual asset transfers exceeding USD/EUR 1,000. Adopted in 2019 as part of FATF's Updated Guidance on Virtual Assets and VASPs.
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Implementation
Travel Rule Requirements
Compare FATF Recommendation 16 — Virtual Asset Travel Rule
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FATF Recommendation 16 — Virtual Asset Travel Rule by Industry
FATF Recommendation 16 — Virtual Asset Travel Rule for Healthcare→FATF Recommendation 16 — Virtual Asset Travel Rule for Financial Services→FATF Recommendation 16 — Virtual Asset Travel Rule for Technology→FATF Recommendation 16 — Virtual Asset Travel Rule for Government→FATF Recommendation 16 — Virtual Asset Travel Rule for Manufacturing→FATF Recommendation 16 — Virtual Asset Travel Rule for Energy→FATF Recommendation 16 — Virtual Asset Travel Rule for Retail→FATF Recommendation 16 — Virtual Asset Travel Rule for Education→
FATF Recommendation 16 — Virtual Asset Travel Rule by Role
FATF Recommendation 16 — Virtual Asset Travel Rule for CISOs→FATF Recommendation 16 — Virtual Asset Travel Rule for Compliance Officers→FATF Recommendation 16 — Virtual Asset Travel Rule for Risk Managers→FATF Recommendation 16 — Virtual Asset Travel Rule for IT Directors→FATF Recommendation 16 — Virtual Asset Travel Rule for DPOs→FATF Recommendation 16 — Virtual Asset Travel Rule for Auditors→
Frequently Asked Questions
What is FATF Recommendation 16?
FATF (Financial Action Task Force) Recommendation 16 (the Travel Rule) as applied to virtual assets requires Virtual Asset Service Providers (VASPs) to obtain, hold, and transmit originator and beneficiary information for virtual asset transfers exceeding USD/EUR 1,000. Adopted in 2019 as part of FATF's Updated Guidance on Virtual Assets and VASPs.
How many controls does FATF Recommendation 16 have?
FATF Recommendation 16 contains 22 controls organized across 2 domains.
Where does FATF Recommendation 16 apply?
FATF Recommendation 16 is applicable in International (FATF — 40 members). Organizations operating in or serving customers in this jurisdiction should evaluate its requirements.
What frameworks does FATF Recommendation 16 map to?
FATF Recommendation 16 has control-to-control mappings with 636 other compliance frameworks in our database. Use our compliance platform to explore these mappings interactively.
How do I get started with FATF Recommendation 16 compliance?
Start by understanding the framework's key controls and domains. Our compliance platform provides AI-powered gap analysis and mapping tools to help you assess your current posture and build a remediation plan.
How ready are you for FATF Recommendation 16 — Virtual Asset Travel Rule?
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