FATF Plenary Outcomes, 2-4 March 2022

The Plenary approved key work including tougher Beneficial Ownership rules to tackle money laundering, risk-based Approach Guidance for the Real Estate & how FATF can mitigate the unintended consequences of FATF’s…  

FATF Public Statement on revisions to R.24

The revisions to R.24 will require countries to follow a RBA and consider the risks of legal persons in their countries. They must assess and address the risk posed by legal person, not only by those created in their countries, but also by foreign-created persons...

SEC modernisation of beneficial ownership reporting

The proposed amendments would modernize the filing deadlines for initial and amended beneficial ownership reports filed on Schedules 13D and 13G. It also would deem holders of certain cash-settled derivative securities as beneficial owners of the reference equity...

FinCEN on reporting of beneficial ownership information

FinCEN issued a NPRM implementing the beneficial ownership information reporting provisions of the Corporate Transparency Act (CTA), which addressed who must report beneficial ownership information, when to report it, and what information they must...