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.

Guidance on Beneficial Ownership of Legal Persons

10 Mar 2023

This FATF guidance will help countries implement the revised Recommendation 24.

Guidance on Beneficial Ownership of Legal Persons

Webinar: Beneficial Ownership Transparency of Legal Persons

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Beneficial Ownership of Legal Arrangements (Recommendation 25)

The FATF Recommendations

16 Nov 2023

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Public Consultation - FATF Risk-Based Guidance on Recommendation 25

31 Oct 2023

The FATF is developing updated risk-based guidance on Recommendation 25 on Beneficial Ownership and Transparency of Legal Arrangements. The FATF is seeking comments from interested stakeholders, including companies and other legal persons, financial institutions, designated non-financial businesses and professions, and non-profit organisations before finalising the guidance. The updated guidance reflects the February 2023 revisions to Recommendation 25 and complements the existing guidance on Recommendation 24 on legal persons. The guidance aims to help stakeholders from the public and private sectors that are involved in trusts or similar legal arrangements to assess and mitigate money laundering and terrorist financing risks.

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