The best practices paper contains cases and examples from across the global network of FATF and FATF-Style regional bodies' members to help countries better implement requirements on transparency regarding beneficial ownership of companies, foundations, associations and other types of legal persons, and prevent their abuse for financial crimes and terrorism.
FATF
24 October 2019
The risk-based approach Guidance for the accounting profession highlights the need for a sound assessment of the money laundering and terrorist financing risks that accountants face so that their policies, procedures and ongoing customer due diligence measures mitigate these risks.
The guidance aims to support legal professionals in the design of effective risk-based measures to manage their ML/TF risks, when establishing or maintaining business relationships.
The guidance aims to support trust and company service providers in the design of effective risk-based measures to manage their ML/TF risks, when establishing or maintaining business relationships.