FATF Consultation on Beneficial Ownership and Transparency

Feedback is welcomed from firms and stakeholders, particularly in the following question areas:

• Purposes of express trusts;
• Activities to be included in the definition of trust administration, if any;
• Additional mechanisms available to ensure access to beneficial ownership information in the context of trusts;
• Suggested approaches to identify, assess, and mitigate the ML/TF risks linked with different types of legal arrangements;
• The circumstances in which a non-professional trustee would be chosen; and
• Jurisdictions’ obligations surrounding non-professional trustees.

Comments and any drafting proposals are invited to be received by 8 December.