An anti-money-laundering requirement that originating and beneficiary information accompany transfers of value above a threshold between regulated institutions.
Why it matters
Derived from FATF Recommendation 16 and applied to virtual asset service providers in most major jurisdictions. It is why regulated platforms increasingly ask where a withdrawal is going and who controls the destination address.
Not advice. Definitions are for understanding, not instruction. Nothing here is financial, legal, tax or security advice.