AtlasComplianceAML & MonitoringFATF R.16

FATF Recommendation 16 — Payment Transparency

cmp_fatf_recommendation_16

Payment-message transparency requirements for originator and beneficiary information across cross-border payment chains.

At a glance

Authority, jurisdiction, legal layer, lifecycle and applicability in a comparable obligation profile.

Compliance intelligence
Jurisdiction
Global
Lifecycle
Revised / implementation transition
Authority
Financial Action Task Force
Access
Public official source

Publisher & obligations

Authorities, markets, payment activities and related obligations connected through sourced relationships.

251 linked records
RecordTypeRelationshipScope
FATF 40FATF 40 RecommendationsAML & MonitoringgovernsGlobalFrench Southern TerritoriesFrench Southern TerritoriesMarketjurisdictional scope supported by the official instrumentEMEAArmeniaArmeniaMarketjurisdictional scope supported by the official instrumentEMEABonaire, Sint Eustatius and SabaBonaire, Sint Eustatius and SabaMarketjurisdictional scope supported by the official instrumentLatAmChinaChinaMarketjurisdictional scope supported by the official instrumentAPAC

Who and what is in scope

Payment service providers and financial institutions

Applicability
01Payment scopeCross-border payments and payment messages
02Regulatory layerInternational
03Thresholds & exemptionsDe minimis and implementation details depend on national transposition.

What implementation teams must operationalise

Carry accurate party information, enable payment-chain transparency and apply risk-based controls to missing data.

Control impact
01ReportingRetain payment information and support competent-authority requests.
02EnforcementNational competent authorities
03LifecycleRevised / implementation transition

Published facts

Official-source facts with publication, effective and review dates kept separate.

5 claims
Authority / publisher
Financial Action Task Force
high1 source
Jurisdiction
Global
high1 source
Legal citation
FATF Recommendation 16
high1 source
Applies to
Payment service providers and financial institutions
high1 source
Core obligations
Carry accurate party information, enable payment-chain transparency and apply risk-based controls to missing data.
high1 source
FATF R.16100%
Publisher & obligations100%Who and what is in scope100%What implementation teams must operationalise100%Published Facts100%