The Financial Action Task Force (FATF) has published a report to G20 finance ministers and central bank governors which sets out its ongoing work to improve the implementation of international standards on transparency, including on the availability and exchange of beneficial ownership informatio
The Financial Action Task Force (FATF) has published a report to G20 finance ministers and central bank governors which sets out its ongoing work to improve the implementation of international standards on transparency, including on the availability and exchange of beneficial ownership information, to prevent the misuse of companies, trusts and other corporate vehicles.
‘The challenge is not the lack of international standards to improve transparency. The challenge lies in the effective implementation of these measures,’ said the FATF in its introduction.
Following the report, the FATF will work on the following proposals to reinforce the implementation of the existing international standards relating to transparency and beneficial ownership:
The FATF is looking for a public commitment by G20 members to ‘lead by example’. This would include:
A copy of the report can be viewed at http://bit.ly/2d5JJsP.
The Financial Action Task Force (FATF) has published a report to G20 finance ministers and central bank governors which sets out its ongoing work to improve the implementation of international standards on transparency, including on the availability and exchange of beneficial ownership informatio
The Financial Action Task Force (FATF) has published a report to G20 finance ministers and central bank governors which sets out its ongoing work to improve the implementation of international standards on transparency, including on the availability and exchange of beneficial ownership information, to prevent the misuse of companies, trusts and other corporate vehicles.
‘The challenge is not the lack of international standards to improve transparency. The challenge lies in the effective implementation of these measures,’ said the FATF in its introduction.
Following the report, the FATF will work on the following proposals to reinforce the implementation of the existing international standards relating to transparency and beneficial ownership:
The FATF is looking for a public commitment by G20 members to ‘lead by example’. This would include:
A copy of the report can be viewed at http://bit.ly/2d5JJsP.