Financial Action Task Force (FATF) Rule 16

Our FATF solution ensures banks meet their regulatory needs to combat money laundering and terrorism.

The solution 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