FATF Travel Rule.
The FATF Travel Rule requires financial institutions and virtual asset service providers (VASPs) to collect, verify, and transmit originator and beneficiary information with wire transfers and virtual asset transfers above applicable thresholds.
Maximum penalty
National implementation varies
Source: FATF Recommendation 16
Key requirements
Originator/beneficiary information collection
Information transmission with transfers
VASP-to-VASP information sharing
Threshold-based due diligence
+1 more requirements in the complete guide.
Get the full FATF compliance guide →Enforcement examples
Multiple VASPs globally
National regulators increasingly enforcing Travel Rule for crypto transfers
Varies
2024
How Tessera automates FATF compliance
Travel Rule compliance workflow for VASPs
Originator/beneficiary data validation
Cross-jurisdiction threshold monitoring
Sanctions screening integration
FATF compliance checklist
Essential steps to achieve and maintain FATF compliance.
Implement originator/beneficiary data collection
Establish VASP-to-VASP information sharing protocol
Deploy sanctions screening for all transfers
+1 more steps in the full checklist.
Get your complete FATF compliance checklist - free →Industries affected
Calculate your FATF exposure.
See exactly how FATF penalties apply to your revenue and industry profile.