In the article Guidance on Beneficial Ownership and Transparency of Legal Arrangements the Financial Action Task Force (FATF) announced its update its guidance on beneficial ownership and transparency of legal arrangements (pdf-document).

In March 2023, the FATF published an updated guidance on beneficial ownership of legal persons (announcement, pdf-document).

The FATF
The FATF is an undemocratic organisation that calls itself the global money laundering and terrorist financing watchdog and that is not accountable to anyone for the regulations they create.