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FATF Travel Rule: Update on Its Implementation Status Across Europe

In June 2022, the Financial Action Task Force (FATF) published a report, “Targeted Update on Implementation of FATF’s Standards on Virtual Assets (VAs) and Virtual Assets Services Providers (VASPs)”, which focuses on the state of the implementation of the travel rule, among other things. The travel rule is provided for in Recommendation 16 (R16) of the FATF standards and requires firms within the private sector to obtain and/or exchange beneficiary and originator information when making VA transfers across different jurisdictions. This regulatory analysis looks at the framework that included VAs and VASPs in the scope of FATF’s standards and provides details on legislative provisions which have been or will be implemented in various countries, as well as the consequences for a breach, when provided.

VIXIO’s articles are included in the suite of GamblingCompliance and PaymentsCompliance products. We do not provide access to individual articles on an ad-hoc basis. If you are interested in the VIXIO service, please get in touch or request a demo.
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