FATF Consultation Presages Enhanced Transparency with Respect to Trusts

IMPORTANT: The full content of this page is available to premium users only.

Friday, November 17, 2023
Author: 
Bruce Zagaris
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.