Building Trust & Ethics
IFAC Comment Letter on the FATF's Draft Amendments to Recommendation 24 - November 24, 2021
IFAC
Nov 29, 2021 | Comment Letters
English
IFAC welcomes the opportunity to comment on the FATF’s review of Recommendation 24 relating to beneficial ownership transparency. IFAC—and the global accountancy profession that we represent—strongly supports the work of the FATF and others in advancing the fight against money laundering, terrorism financing and the proliferation of weapons of mass destruction. Supporting and contributing to this fight are central parts of our mission as an organization and of the accountancy profession’s public interest mandate. Accordingly, IFAC supports Recommendation 24 and the FATF’s efforts to ensure that Recommendation 24 and its local implementation are as effective as possible.
Copyright © 2022 The International Federation of Accountants (IFAC). All rights reserved.
Related Resources
- IFAC Comment Letter on IFRS Practice Statement 1, Management Commentary
- IFAC Comment Letter on the FATF's Draft Amendments to Recommendation 24 - August 13, 2021
- IFAC Comment Letter on the OECD's Draft Revisions to the Anti-Bribery Recommendation
- IFAC SMP Advisory Group Response to the IAASB Audits of LCEs Exposure Draft
- SMPAG Response to the IESBA's Proposed Revisions to the Code Related to the Definition of Engagement Team and Group Audits