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FATF consults on amendments to Recommendation 16 on payment transparency

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Published on: 01 March 2024
Published by LNB News

LNB News 01/03/2024

Document Information

Issue Date: 01 March 2024

Published Date: 01 March 2024

Jurisdiction(s): Eire and World

Article summary

The Financial Action Task Force (FATF) is considering revisions to its Recommendation 16 (R16), also known as the ‘Travel Rule’, its Interpretive Note (INR16) and the related Glossary of specific terms, to adapt them to the changes in payment business models and messaging standards. Responses are requested by 3 May 2024.

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Jurisdiction(s):
Eire and World

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