FATF

« Back to Glossary Index

The FATF or Financial Action Task Force Travel Rule refers to a regulatory guidance update to its Recommendation 16 that was implemented way back in 2019 as a part of the FATF Standards for combating cases of the crypto money laundering and terrorism funding (AML/CFT). It requires the virtual asset service providers to regulate the information sharing for specific large transactions.

« Back to Glossary Index

Check Also

new-mining-strategies-crypto-halving

New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …