Overview of Financial Action Task Force (FATF)

Definition of Travel Rule


  • According to FATF (Targeted Update on Implementation of the FATF Standards on Virtual Assets/VASPs),
    last revised on June 2022

    The ‘travel rule’ is a key AML/CFT measure, which mandates that VASPs obtain, hold and
    exchange information about the originators and beneficiaries of virtual asset transfers (as
    per paragraph 7 of FATF’s Interpretative Note to 15). This enables financial institutions
    and VASPs to conduct sanctions screening and to detect suspicious transactions.