Countries assess the risks of misuse of legal persons for money laundering and terrorist financing and take measures to prevent it; ensure adequate, accurate and up-to-date beneficial ownership and control information on legal persons that competent authorities can obtain or access rapidly and efficiently through a beneficial ownership register or an alternative mechanism; do not permit new bearer shares or bearer share warrants and prevent misuse of existing ones; take effective measures against misuse of nominee shareholders and directors; and consider facilitating access to beneficial ownership information for institutions and DNFBPs performing CDD. The 2022 Interpretive Note requires a multi-pronged approach combining company-held information, a public authority or body holding the information (a register or alternative) and supplementary sources, verification, sanctions, and international cooperation.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.