FATF Public Consultation - Revision of Recommendation 25 and its Interpretive Note 

 AML/CFT News and updates

3 November 2022

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 and its Interpretive Note (R.25/INR.25) on the transparency and beneficial ownership (BO) of legal arrangements. The FATF is also considering amendment of the definition of beneficial ownership in the glossary, to provide more clarity regarding legal arrangements.

Details of this consultation can be found on the FATF website: Revision of R25 and its Interpretive Note – Public Consultation.  

Please provide your response, including any drafting proposals directly to the FATF by emailing FATF.Publicconsultation@fatf-gafi.org by 6 December 2022.