April 15,2018

MENA FCCG provides feedback on the IIF response to the FATF consultation on beneficial ownership


MENA FCCG appreciates the opportunity of providing feedback on the Institute of International Finance (IIF) response to the Financial Action Task Force (FATF) draft paper “Vulnerabilities Linked to the Concealment of Beneficial Ownership”. The draft paper aims to increase the transparency surrounding beneficial ownership as critical for both the public and the private sector in the fight against financial crime.  MENA FCCG stands ready to provide opinion on other draft documentation in support of the effective implementation of measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.