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BREAKING: US Treasury’s Yellen unveils international pact with 20 countries to boost benefical ownership transparency in line with FATF

BENEFICIAL OWNERSHIP: U.S. Treasury Secretary Janet Yellen announced a partnership with 20 countries to roll out FATF beneficial ownership standards.

US Treasury Secretary Janet Yellen today (Tuesday) launched a commitment between the United States and more than 20 governments to create a registry of beneficial ownership of legal entities to effectively fight corruption. Yellen announced the new initiative, which includes steps to implement the Financial Action Task Force’s standards on transparency and beneficial ownership of…

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