Recommendation 24 (Transparency + Beneficial Ownership of LEGAL PERSONS) - REVISED 2022: countries should ensure that there is adequate + accurate + up-to-date information on the beneficial ownership + control of legal persons (companies + foundations + Anstalten + partnerships etc.) that can be obtained or accessed in a timely manner by competent authorities. Countries should require legal persons to obtain + hold beneficial ownership information + ensure that such information is held at a CENTRAL or other LOCATION known to the competent authorities (the BO REGISTER architecture). The 2022 revision tightened the obligation: countries should now MAINTAIN A REGISTRY OF BENEFICIAL OWNERSHIP for all legal persons OR an ALTERNATIVE MECHANISM that delivers equivalent outcomes. Recommendation 25 (Transparency + Beneficial Ownership of LEGAL ARRANGEMENTS) - REVISED 2024: countries should ensure that there is adequate + accurate + up-to-date beneficial ownership + control information on EXPRESS TRUSTS + similar legal arrangements (Anstalt + Treuhand + fiducie + waqf etc.). The 2024 revision strengthened cross-border beneficial-ownership cooperation + clarified the trustee disclosure obligation. R.24 + R.25 are operationally critical for EITI Requirement 2.5 + EU AMLD6/7 BO Register + the FinCEN Corporate Transparency Act + UK PSC Register.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.