On 23 June, FATF released this White Paper, saying that it is conducting a review of Recommendation 25 on the transparency and beneficial ownership of legal arrangements. The objective is to improve R.25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements for money laundering or terrorist financing. FATF’s work in this area is ongoing, and will benefit from hearing views from stakeholders, including trustees, financial institutions, designated non-financial businesses and professions (DNFBP), and non-profit organisations (NPO). Responses are due by 1 August.
Any modest contributions for my time and ongoing expenses are welcomed! I have a page where you can do so, and where one-off contributions start as low as $3, at
NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!