Financial Action Task Force (FATF) adopted guidance on transparency and beneficial ownership and risk-based approach guidance for the banking sector.

FATF has established standards on transparency, so as to deter and prevent the misuse of corporate vehicles (such as companies, trusts, foundations, partnerships, and other types of legal persons and arrangements).

The risk-based approach is central to the effective implementation of the revised FATF international standards on combating money laundering and the financing of terrorism and proliferation, which were adopted in 2012.

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Guidance on Transparency and Beneficial Ownership: http://bit.ly/1E1EvSD

Risk-based approach guidance for the Banking Sector: http://bit.ly/1thpYyY