The designations employed and the presentation of material in this paper do not imply the expression of any opinion whatsoever on the part of the United Nations Office on Drugs and Crime (UNODC) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. [...] Acknowledgements Acknowledgements This publication was developed by the United Nations Office on Drugs and Crime (UNODC), with the support of generous funding from the Foreign, Commonwealth and Development Office of the United Kingdom of Great Britain and Northern Ireland and the Bureau of International Narcotics and Law Enforcement Affairs of the United States of America. [...] The development of the publication is the result of the collective efforts of numerous individuals and organizations who share a commitment to understanding and combating the complex challenges of illicit financial flows, money laundering and terror financing through Beneficial Ownership Transparency (BOT) and the enhanced scrutiny of politically exposed persons. [...] The updated FATF Recommendations include new requirements for countries to enhance transparency and the availability of BO information, emphasizing the importance of ensuring the adequacy, accuracy, and up-to-date nature of BO information for legal arrangements, as well as the powers of competent authorities to access this information and the maintenance of such information by trustees and equival. [...] In this case, the legislative steps relate to definitions that are required to establish the legal basis for developing and implementing a comprehensive national strategy, ensuring that the existing legal framework creates the mandate that supports the necessary processes for stakeholder consultation and the development of a national strategy.
- Pages
- 110
- Published in
- Austria
Table of Contents
- Acronyms ........................................................................................................ 7 7
- Glossary .......................................................................................................... 9 7
- Executive summary ...................................................................................... 15 7
- Overview and introduction 22 7
- A PEP and BOT toolkit 36 7
- Recommendations and conclusions 98 7
- References ....................................................................................................104 7
- Acronyms 9
- GlossAry 11
- ExEcuTIVE summAry 17
- Overview and introduction 25
- Purposeofthispublication 27
- PoliticallyExposedPersonsandBeneficialOwnership Transparency 28
- ReviewofPEPandBOtransparency 33
- PEPandBOTtoolkit 36
- A PEP scrutiny and BOT toolkit 39
- Legislation and structure decision framework 40
- Strategy and action policy framework 44
- Systems tools and technologies technology framework 48
- Processes technical framework 85
- Monitor analyse and enforce monitoring evaluation and learning framework 90
- Service staff skills and resources resource framework 93
- Communication and collaboration stakeholder engagement framework 96
- Bringing the 7 pillars together 97
- Recommendations and conclusions 101
- Recommendations 102
- Conclusions 104
- RefeRences 106
