FATF consults on updated Rec.16 (Travel rule) guidance to enhance cross-border payment transparency, clarify payment chain responsibilities, and set a 2030 implementation deadline – comments by 21 Aug 26

The consultation seeks views on draft guidance to support implementation of the revised Recommendation 16, agreed in June 2025 and due to be implemented globally by the end of 2030. FATF asks stakeholders to comment on issues including misdirected payment controls, financial inclusion in lower-capacity jurisdictions, application to digital wallets and mobile money, and the interaction between payment transparency, data protection…