Recommendation 16 ("the travel rule") requires a VASP sending crypto assets on behalf of an "originator" (the user requesting the crypto asset transfer) to submit certain information on the originator and the "beneficiary" (recipient) to the beneficiary's VASP.
The Financial Action Task Force (FATF) has asked regulatory agencies in every country to introduce its international standards ("The FATF Recommendations") for countering money laundering and the financing of terrorism.
See this notice for details. (Only available in Japanese.)
