The FATF & LEI Series: FATF and “beneficial ownership”. How LEIs help
Beneficial ownership transparency is a cornerstone of FATF’s efforts to support anti-money laundering (AML) counter-terrorist financing (CTF) efforts. FATF Recommendation 24 specifically focuses on ensuring that accurate and up-to-date information on the ownership and control of legal entities is available to authorities. However, for compliance teams, identifying beneficial owners across borders and through complex legal […]