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Travel Rule

FATF Recommendation 16

Compliance Global

A FATF requirement that obligates VASPs and CASPs to collect, hold, and transmit originator and beneficiary information during crypto-asset transfers. Similar to rules for traditional wire transfers, the Travel Rule aims to prevent anonymous transfers that could facilitate money laundering or terrorist financing. Implementation varies by jurisdiction.

Related Terms

Anti-Money Laundering
AML
Combating the Financing of Terrorism
CFT
Know Your Customer
KYC
Suspicious Activity Report
SAR