FATF (Financial Action Task Force)
FATF
The intergovernmental body that sets global AML / CFT standards — its recommendations are adopted into national law.
FATF Recommendation 16 ("Travel Rule") obliges VASPs to share originator + beneficiary information for transfers above threshold. Stablecoin issuers operating in FATF-compliant jurisdictions implement this directly or via partner integrations.
Related terms
- AML (anti-money-laundering)A body of law and procedure obliging financial institutions to detect and report suspicious activity.
- Travel RuleA FATF rule requiring VASPs to share originator + beneficiary information for transfers over a threshold (~$1,000).
- KYC (know-your-customer)The customer-identification programme regulated financial institutions run before opening accounts or processing transactions.