FATF 40 Recommendations
D. Preventive measures (R.9 to R.23) – FATF 40 Recommendations

FATF 40 Recommendations R.16: R.16 Payment transparency

Countries ensure that financial institutions include required and accurate originator information and required beneficiary information on payments or value transfers and related messages, structured to the extent possible and remaining with the transfer throughout the payment chain; monitor transfers to detect those lacking required information and take appropriate measures; and, in processing transfers, take freezing action and do not conduct transactions with persons and entities designated under the UN Security Council resolutions on terrorism and proliferation financing. The Interpretive Note, revised in June 2025 with implementation expected by the end of 2030, sets the information requirements and de minimis thresholds, the exemptions, and the duties of ordering, intermediary and beneficiary institutions and MVTS providers; it is modelled paragraph by paragraph as the separate framework FATF Recommendation 16 - Payment Transparency (Travel Rule).

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