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FATF promises tougher global beneficial ownership regulations to prevent criminals from hiding dirty money behind ‘secret corporate structures’

By Elizabeth Hearst for AMLi

The Financial Action Task Force (FATF) has promised to review global beneficial ownership rules at its latest plenary meeting in Paris. 

The global financial watchdog has agreed to revise Recommendation 24 and its Interpretive Note, to prevent criminals from dirty money behind “secret corporate structures.”

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