Money Laundering Bulletin
FATF urges wide-ranging checks on accuracy of beneficial ownership declarations
The Financial Action Task Force (FATF) has advised governments to take a proactive approach to ensuring beneficial ownership information is correct, using a wide range of data sources and cross-checking declarations for accuracy.
By Keith Nuthall
The Financial Action Task Force (FATF) has advised governments to take a proactive approach to ensuring beneficial ownership (BO) information is correct, using a wide range of data sources and cross-checking declarations for accuracy. [1]