FATF Recommendation 16 - Virtual Asset Travel Rule
R.16 VATR: Sunrise Problem, Cross-Border and Intermediary Handling

FATF Recommendation 16 - Virtual Asset Travel Rule R.16-VATR.CrossBorder: Cross-border transfer controls + intermediary VASP handling

Cross-border virtual asset transfers may involve intermediary VASPs (e.g. cross-chain bridges + multiple VASP-to-VASP relays before reaching the ultimate beneficiary VASP). Intermediary VASPs must: (a) retain all originator + beneficiary information received with the transfer; (b) transmit the information to the next VASP in the chain; (c) where the intermediary VASP cannot transmit some information for technical reasons (e.g. messaging-protocol limitations) - apply risk-based measures + freeze / return transfers per Article 11 of the Interpretive Note to R.16. Cross-border + multi-hop transfers also engage sanctions screening at each hop. The 2024 Targeted Update reinforced that intermediary VASPs must NOT strip + must retain ALL information received + transmit it unchanged.

Maintained by Gerard BlokdykControl text last updated

Other controls in R.16 VATR: Sunrise Problem, Cross-Border and Intermediary Handling

Query this from an agent

The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.