#NetSettlement
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opusdatum.bsky.social
Batch transfers got three conditions and a reason; net settlement got a diagram. Both sit in the same section of the FATF's draft R16 guidance.
#FATF #R16 #NetSettlement #PaymentTransparency #TravelRule #BatchTransfers #CoverPayments #Payments #WTR #WTRKnowledgeHub #OpusDatum
Relief Without a Mechanism: Net Settlement in FATF's Draft R16 Guidance
The Financial Action Task Force (FATF) settled the treatment of net settlement in June 2025. Where a net settlement results from payments carried out on behalf of customers, information about the underlying transactions need not accompany it. The requirements of Recommendation 16 (R16) continue to apply to those underlying transactions. The first half of that proposition is easy to read as a concession. The second half is where the work sits.On 24 June 2026 the FATF published the draft guidance
wix.to
September 4, 2026 at 7:47 AM
zenfloater2.bsky.social
toobnix.org/w/kpHBVncEKo...
#lispyGopherClimate w/ KMP, Ramin and screwlisp. #climate #oil #pipeline reimaginings, human #emacs, #commonlisp #elisp
https://gamerplus.org/@screwlisp/116920974175758500 https://github.com/netsettler/netsettlement
toobnix.org
July 15, 2026 at 3:32 AM
opusdatum.bsky.social
The FATF said you don’t have to unbundle net settlements. It did not say you can stop tracing the transactions inside them. Most firms have confused the exemption with absolution.
#FATF #R16 #PaymentTransparency #NetSettlement #AML #FinancialCrime #TravelRule #Compliance #WTRKnowledgeHub #OpusDatum
Bundled but Not Exempt: Why Net Settlement Is R16’s Hidden Compliance Test
When the Financial Action Task Force (FATF) published its revised Recommendation 16 (R16) in June 2025, the headlines focused on expanded data requirements and the extension of travel rule obligations...
wix.to
May 29, 2026 at 11:37 AM