FATF Plenary Makes New Guidance for Beneficial Ownership of Legal Arrangements, Will Release Consultation on Wire Transfers, Non-Profit Organizations, and Virtual Asset Jurisdictions

On February 23, the Financial Action Task Force concluded the fifth plenary under the Presidency of T. Raja Kumar of Singapore. 

New Guidance for R. 25 on Beneficial Ownership and Transparency of Legal Arrangements

FATF’s issuance of new risk-based guidance for the implementation of Recommendation 25 on the beneficial ownership and transparency of legal arrangements finishes FATF’s work to strengthen the transparency of beneficial ownership internationally.