On March 11th, 2024, FATF (The Financial Action Task Force), published Guidance on Beneficial Ownership and Transparency of Legal Arrangements. “Following the February 2023 revisions to FATF Recommendation 25 on Beneficial ownership and transparency of legal arrangements, the FATF has updated its risk-based guidance for this Recommendation. The guidance complements the existing guidance on Recommendation 24 on legal persons and aims to help stakeholders from the public and private sectors to implement the new requirements more effectively.”
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