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Friday, November 17, 2023
Volume:
39
Issue:
12
Abstract:
On October 31, 2023, the Financial Action Task Force (FATF) released a draft Risk-Based Guidance on Beneficial Ownership and Transparency of Legal Arrangements with respect to FATF Recommendation 25. FATF explains that countries should assess the money laundering and terrorist financing (ML/TF) risks of misuse of legal arrangements and take preventive measures.