Episode Details

This podcast episode discusses the Financial Action Task Force's (FATF) multi-pronged approach to improving beneficial ownership (BO) transparency. Companies must maintain accurate BO records, while governments should establish central BO registries. Financial institutions play a crucial role through rigorous customer due diligence and reporting discrepancies. This enhanced transparency is vital for combating financial crime, including money laundering and terrorism financing, and for strengthening global financial systems. The episode emphasises collaboration between companies, governments, and financial institutions to achieve this goal.