FATF Recommendation 16
The FATF standard on payment transparency for wire transfers. Applied to crypto transfers, it is known as the Travel Rule.
Source
FATF Recommendations, Recommendation 16
Last reviewed
October 16, 2026
Recommendation 16 requires payment providers to send accurate information about the originator and beneficiary with each transfer and to check what they receive. FATF applies it to virtual asset transfers through Recommendation 15, which is the source of the Travel Rule.
VASPnet responded to FATF's consultation on guidance for implementing Recommendation 16 in August 2026, recommending that providers be identified at legal-entity level. Read VASPnet's response.