{"id":3935,"date":"2023-04-10T10:59:54","date_gmt":"2023-04-10T06:59:54","guid":{"rendered":"https:\/\/www.fiumauritius.org\/fiu\/?p=3935"},"modified":"2023-04-10T11:21:12","modified_gmt":"2023-04-10T07:21:12","slug":"fatf-publishes-amendments-on-the-guidance-document-on-beneficial-ownership-of-legal-persons-recommendation-24","status":"publish","type":"post","link":"https:\/\/www.fiumauritius.org\/fiu\/?p=3935","title":{"rendered":"FATF publishes amendments on the Guidance Document on Beneficial Ownership of Legal Persons (Recommendation 24)"},"content":{"rendered":"\n<p>The FATF has updated its Guidance Document on Beneficial Ownership of Legal Persons on 10 March 2023, following several months of intense consultations with external stakeholders and the private sector.<\/p>\n\n\n\n<p>The changes also respond to the outcomes of FATF Mutual Evaluations which show a generally insufficient level of effectiveness in combating the misuse of legal persons for ML\/TF globally. The agreed guidance document will help countries implement the revised requirements of Recommendation 24.&nbsp;<\/p>\n\n\n\n<p>The FATF expects all countries, Financial Institutions and Designated Non-Financial Businesses and Professions (DNFBPs) to take concrete steps to implement these new standards promptly, and to determine the appropriate sequence and timeframe for implementation at national level.<\/p>\n\n\n\n<p>The revised FATF guidance on Recommendation 24 can be accessed <a href=\"https:\/\/www.fatf-gafi.org\/content\/fatf-gafi\/en\/publications\/Fatfrecommendations\/Guidance-Beneficial-Ownership-Legal-Persons.html\" target=\"_blank\" rel=\"noreferrer noopener\">here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FATF has updated its Guidance Document on Beneficial Ownership of Legal Persons on 10 March 2023, following several months of intense consultations with external stakeholders and the private sector.<\/p>\n","protected":false},"author":12,"featured_media":3937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/posts\/3935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3935"}],"version-history":[{"count":3,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/posts\/3935\/revisions"}],"predecessor-version":[{"id":3939,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/posts\/3935\/revisions\/3939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/media\/3937"}],"wp:attachment":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}