FATF Recommendation 16 - Virtual Asset Travel Rule
R.16 VATR: Record Retention, Audit, Training and Status

FATF Recommendation 16 - Virtual Asset Travel Rule R.16-VATR.Record: Record retention for Travel Rule data (FATF R.11 + R.16)

Record retention: VASPs must retain all Travel Rule records - originator + beneficiary information + counterparty VASP information + sanctions screening results + investigation files + STR records - for at least 5 YEARS following the virtual asset transfer (extending to longer periods where local law requires or where the records support a continuing investigation). Records must be maintained in a form that can be: (a) produced to competent authorities on request without undue delay; (b) used to reconstruct individual virtual asset transactions + the supporting Travel Rule information; (c) retrieved + analysed for regulatory review + supervisory examinations + statistical reporting; (d) protected against tampering + unauthorised modification + premature destruction. Record retention applies on top of broader R.11 record-keeping requirements + complements FATF R.20 STR filing.

Maintained by Gerard BlokdykControl text last updated

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