Several stakeholders have commented on the Financial Action Task Force (FATF) draft amendments to its Recommendation 25 (R25) on the transparency and beneficial ownership of legal arrangements (Trade-based Financial Crime, 29 June 2022).

Financial institutions are amongst those stakeholders the FATF is seeking views from as it works towards its objective to improve R25 and its interpretive note to better prevent the misuse of obscure beneficial ownership and legal arrangements for money laundering or terrorist financing.

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