Wolfsberg Group's Response to FATF Consultation

• Scenarios concerning beneficiaries that should be included in this FATF Guidance;
• Activities that may be included in the definition of trust administrations;
• Suggested approaches to identify, assess, and mitigate the ML/TF risks linked with different types of legal arrangements; and
• Further recommendations offered to the FATF for consideration.

Firms can view the Wolfsberg response to the now-closed consultation in advance of potential forthcoming changes to the FATF Recommendations and Guidance.