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.
This control maps to 1 controls across 1 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.
Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.
The graph holds this control, the 1 it maps to, and the evidence behind each claim, over MCP and REST.