IFAC Comment Letter on the FATF's Draft Amendments to Recommendation 24

Building Trust & Ethics

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.