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Transparency FATF Risk Assessment

A&O Shearman

FSB letter to G20 finance ministers and central bank governors ahead of meeting

A&O Shearman on

The Financial Action Task Force (FATF) has published a second consultation on payment transparency, and in particular proposed revisions to recommendation 16 (R.16). The revisions adapt the FATF Standards to the changes in...more

A&O Shearman

Financial Action Task Force Publishes Best Practices for Beneficial Ownership Transparency

A&O Shearman on

The Financial Action Task Force has published best practices on beneficial ownership for legal persons. Global standards require authorities to be able to ascertain the ultimate owner of a company or foundation to provide...more

Ballard Spahr LLP

FATF Issues Best Practices Guidance on Beneficial Ownership Information

Ballard Spahr LLP on

As we blogged yesterday, the issue of the beneficial ownership of entities and the potentially pernicious role of shell companies in perpetuating money laundering is the primary anti-money laundering (“AML”) concern across...more

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