On 1st September 2022, the FATF conducted a webinar focused on the revision to Recommendation 24 on beneficial ownership of legal persons.
A panel of experts discussed on:
- New FATF obligations on beneficial ownership (BO) transparency – objectives and rationale;
- National experiences, challenges, and lessons learnt in conducting collecting BO information and developing appropriate mitigation strategies; and
- Role of private sector – what can be done further to enhance adequacy, accuracy and timeliness of BO information
The webinar can be accessed here.