Beneficial Ownership

Beneficial Ownership of Legal Persons (Recommendation 24)

Public Statement on revisions to R.24

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

The FATF guidance will help countries implement the revised Recommendation 24 which require countries to ensure that competent authorities have access to adequate, accurate and up-to-date information on the true owners of companies.

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)

Guidance on Beneficial Ownership and Transparency of Legal Arrangements

11 Mar 2024

In March 2023, the FATF strengthened its R.24 and R.25 on beneficial ownership with the publication of updated Guidance to assist the implementation of the R.24 requirements. The FATF Standards on transparency and beneficial ownership of legal arrangements – R.25 – require countries to assess the ML/TF risks linked to legal arrangements and take mitigating measures.

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