Beneficial Ownership of Legal Persons (Recommendation 24)

Public Statement on revisions to R.24

3 Mar 2022

The revisions to Recommendation 24 will require countries to follow a risk-based approach and consider the risks of legal persons in their countries. The adopted changes to Recommendation 24 will significantly strengthen the global response to tackling concealment of beneficial ownership of legal persons.

FATF Guidance on Beneficial Ownership Recommendation 24 - Public Consultation

25 Oct 2022

The FATF adopted amendments to Recommendation 24 and is working to update guidance on beneficial ownership, with a view to help support the implementation of the new requirements. The FATF now welcomes comments to its updated Guidance paper to Recommendation 24 on the transparency and beneficial ownership of legal persons. 
This public consultation is now closed. 

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Beneficial Ownership of Legal Arrangements (Recommendation 25)

Revision of R25 and its Interpretive Note – Public Consultation

25 Oct 2022

The FATF is conducting a review of Recommendation 25 and its Interpretive Note (R.25/INR.25) on the transparency and beneficial ownership (BO) of legal arrangements. The FATF is also considering amendment of the definition of beneficial ownership in the glossary, to provide more clarity regarding legal arrangements.
This public consultation is now closed.

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