The IBFED welcomes the opportunity to comment on the consultation on potential changes to FATF Recommendation. The banking and finance industry strongly supports reform of beneficial ownership (BO) standards as an important factor in a safer and more transparent financial system. Our recommendations relating to public-private partnerships and information sharing with FIs can be read as including other relevant AML/CFT regulated sectors, including DNFBPs. IBFed to FATF Rec 25 Beneficial Ownership August 2022 IBFed-to-FATF-Rec-25-Beneficial-Ownership_1-August-2022.pdf IBFed-to-FATF-Rec24-Beneficial-Ownership 2-2021.pdf
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The IBFED answered to a consultation of the FSB on the 30th of June 2022. You can see the comment letter here. The IBFed also commented on a consultation of the Basel Committee on 16 February 2022. You can find the letter here
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