AML & Travel Rule
Financial Action Task Force (FATF)
International body setting AML/CFT standards — its Recommendations 15-16 underpin the Travel Rule globally.
Definition
The FATF is the inter-governmental body that sets the global standards on AML and CFT. Its 40 Recommendations are followed by 200+ jurisdictions. Recommendation 15 covers virtual-asset service providers; Recommendation 16 (the Travel Rule) requires data accompanying virtual-asset transfers.