# FATF Compliance FATF stands for Financial Action Task Force and is an intergovernmental organization that provides financial policy recommendations to combat money laundering activities including terrorism financing. We strongly advise our users not to make transactions for such activities. Please use fiat cash for that. FATF recently announced a recommendation; travel rule for cryptocurrencies. They realized that they cannot exercise control over blockchain so they announced a traceability guideline for cryptocurrency exchanges. **FATF's travel rule** requires exchanges to perform KYC and store all transactional information for audits, taxes and also to prevent money laundering. (i) originator’s name (i.e., the sending customer); - **KYC @ exchanges**\ (ii) originator’s account number where such an account is used to process the transaction (e.g., the VA wallet); - **transactional information**\ (iii) originator’s physical (geographical) address, or national identity number, or customer identification number (i.e., not a transaction number) that uniquely identifies the originator to the ordering institution, or date and place of birth; - **KYC @ exchanges**\ (iv) beneficiary’s name; and - **transactional information**\ (v) beneficiary account number where such an account is used to process the transaction (e.g., the VA wallet). - **transactional information** These measures, however, will become useless once on-chain trading is available. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://wp.qwertycoin.org/governance/fatf-compliance.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.