Financial Action Task Force (FATF) Rule 16

Aqua Global has a FATF Module, which ensures banks remain fully compliant with this initiative, helping them to meet their regulatory needs and to combat money laundering/terrorism.

How can Aqua assist?

Aqua’s FATF Module provides and assists banks in protecting themselves from:

• FATF 16 requires full name and address details for ordering customer (payer) and beneficiary (payee) for all transfers.
• Jurisdictional legislation requires screening against published lists of sanctioned entities.
• Significant penalties for breaches of sanctions rules
• Unlimited fines for companies
• Imprisonment

We can help you

If the FATF Rule 16 initiative is affecting you, then contact Aqua Global today at info@aqua-global-solutions.com or call us on +44(0) 20 8544 3200.