On 10 March, FATF issued updated guidance, updated to February 2023, on its Recommendations.
FATF RECOMMENDATIONS
Day: March 11, 2023
FATF: UPDATED GUIDANCE ON BENEFICIAL OWNERSHIP FOR LEGAL PERSONS
On 10 March, FATF published updated guidance to reflect the stricter global beneficial ownership standards that were agreed to in March 2022 as it affects FATF Recommendation 24.
EU SANCTIONS FAQ RE TRANSACTIONS WITH THE RUSSIAN MARITIME REGISTER OF SHIPPING
On 11 March, the EU Sanctions blog reported that the EU had added a new FAQ to those on state-owned enterprises: Does Article 5aa prohibit transactions with the Russian Maritime Register of Shipping for the transport of agricultural and food products?
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