Plan to beef up beneficial ownership oversight unveiled by FATF

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Plan to beef up beneficial ownership oversight unveiled by FATF

The Financial Action Task Force has released a white paper for public consultation on the transparency and beneficial ownership of legal persons to strengthen measures that will prevent criminals from hiding illicit activity and proceeds, as one of its action points after the fourth Plenary under the German Presidency of Marcus Pleyer on 21-25 June. Earlier this month, G7 Ministers highlighted the effectiveness of beneficial ownership registries as a tool to tackle it, while also agreeding to...

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