FATF Recommendation 24 Explained | FATF Beneficial Ownership Legal Persons

Dive into FATF Recommendation 24 Explained in this comprehensive breakdown of transparency and ownership structures. In this video, we unpack FATF Recommendation 24 and explore how it shapes global compliance standards around FATF Beneficial Ownership Legal Persons and transparency frameworks. Timestamps ⏰ 00:00 – Intro to FATF Recommendation 24 02:04 – Legal Persons Explained 04:35 – FATF Legal Persons Definition 05:28 – Ultimate Beneficial Ownership Explained 08:31 – FATF Beneficial Ownership Definition 12:49 – 20-25% Ultimate Beneficial Ownership Rule 16:50 – Transparency for Beneficial Ownership of Legal Persons 20:24 – Examples of Ultimate Beneficial Ownership Rule 32:09 – Core Components of Recommendation 24 FATF 39:01 – FATF Recommendation 24 Explained 40:32 – Interpretative Notes to Recommendation 24 FATF 01:04:10 – Impact & Tips of FATF Recommendation 24 Compliance You’ll start with a clear Legal Persons Definition, including a practical Legal Persons Explained segment that simplifies complex legal concepts. We then move into FATF Legal Persons Definition, before unpacking the core principles behind FATF Beneficial Ownership and why identifying the real individuals behind entities is critical. This video also explores the Beneficial Ownership of Legal Persons, including real-world structures and how control can exist beyond simple shareholding percentages. We break down the Ultimate Beneficial Ownership Rule, including the commonly applied 20–25% threshold and its limitations in practice. Whether you’re in compliance, finance, or corporate services, understanding Beneficial Ownership Legal Persons is essential for AML, CFT, and risk management. We also cover interpretive notes, transparency requirements, and practical compliance tips to help you apply these concepts effectively. Stay informed 📚. Stay vigilant 🚨. Stay compliant ⚖️. #amlcompliance #amlcft #moneylaundering #moneylaunderingprevention #moneylaunderingcase #beneficialownership #legalpersonality #fatf ––––––––––––––––––––– Background Music: Snowfall by Scott Buckley / scottbuckley Creative Commons — Attribution 4.0 International — CC BY 4.0 Free Download / Stream: https://www.audiolibrary.com.co/scott... Music promoted by Audio Library Snowfall – Scott Buckley (No Copyright Music)    • Snowfall – Scott Buckley (No Copyright Music)   ––––––––––––––––––––––