Travel Rule
FATF Recommendation 16: originator and beneficiary information must travel with transfers, including virtual-asset transfers.
Overview
National rules implement the Travel Rule for wire transfers and, increasingly, crypto-asset transfers. In the EU, the Transfer of Funds Regulation applies it to crypto-asset transfers from 30 December 2024 with no minimum threshold.
It connects most directly to Financial Action Task Force, VASP and Anti-money laundering.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
Crypto firms that cannot exchange Travel Rule data with counterparties face licensing and enforcement risk.
Who it affects
Banks, payment firms, VASPs and CASPs.
Where it sits
Ten linked steps connect where you operate to the proof that you complied.
- 01Jurisdiction
- 02Industry
- 03Activity
- 04Authority
- 05Regulation
- 06Requirement
- 07Guidance
- 08Control
- 09Evidence
- 10Enforcement
Connections
The terms most closely tied to Travel Rule. Select one to open it.
What to do about it
- 1Define the owner, frequency, data and pass condition.
- 2Automate the test on source data where you can.
- 3Capture evidence on every run, including exceptions.
- 4Review exceptions and failures and record the decision.
From requirement to evidence.
Travel Rule controls run on every qualifying transfer.
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