FATF: Changes to Recommendation 16
19 Jun 2025
International
1 min read
Changes have been agreed by members at the FATF's June 2025 Plenary meeting. Changes to the Standards include: clarification of responsibilities within the payment chain; standardised information requirements; requirements to introduce tools that protect against fraud and error, and clarification on card transactions. The changes will come into effect by the end of 2030.
