OtherInternational (FATF - 40 members)
FATF Recommendation 16 - Virtual Asset Travel Rule
FATF Recommendation 16 (Wire Transfers) was extended to Virtual Asset Service Providers (VASPs) in October 2018 + June 2019 (R.15 + Interpretive Note to R.15 + the FATF October 2018 Public Statement) operationalising the TRAVEL RULE for virtual asset transfers. The 2024 FATF Targeted Update on Virtual Assets + VASPs (R.15 / R.16) refined implementation expectations.
Domains
R.16 VATR: Required Originator and Beneficiary Information
R.16 VATR: Sunrise Problem, Cross-Border and Intermediary Handling
R.16 VATR: Record Retention, Audit, Training and Status
R.16 VATR: Technical Infrastructure (IVMS101) and Data Quality
R.16 VATR: Counterparty VASP Due Diligence and Sanctions Screening
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 - Virtual Asset Travel Rule?
FATF Recommendation 16 (Wire Transfers) was extended to Virtual Asset Service Providers (VASPs) in October 2018 + June 2019 (R.15 + Interpretive Note to R.15 + the FATF October 2018 Public Statement) operationalising the TRAVEL RULE for virtual asset transfers. The 2024 FATF Targeted Update on Virtual Assets + VASPs (R.15 / R.16) refined implementation expectations.
How many controls does FATF Recommendation 16 - Virtual Asset Travel Rule have?
FATF Recommendation 16 - Virtual Asset Travel Rule contains 13 controls organized across 7 domains.
Where does FATF Recommendation 16 - Virtual Asset Travel Rule apply?
FATF Recommendation 16 - Virtual Asset Travel Rule 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 - Virtual Asset Travel Rule map to?
FATF Recommendation 16 - Virtual Asset Travel Rule has control-to-control mappings with 81 other compliance frameworks in our database. Use our compliance platform to explore these mappings interactively.
How do I get started with FATF Recommendation 16 - Virtual Asset Travel Rule 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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