Transcription of Concealment of Beneficial Ownership - FATF-GAFI.ORG
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Concealment of Beneficial Ownership - FATF-GAFI.ORG
Concealment of Beneficial OwnershipJuly 2018of Financial Intelligence Units GroupEgmont The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction. The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard. For more information about the FATF, please visit This document and/or any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
shell companies, are a key feature in schemes designed to disguise beneficial ownership, while front companies and bearer shares are less frequently exploited. 4. Individuals and groups seeking to conceal the ownership of assets are most likely to exercise control over those assets via a combination of direct and indirect
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