Drilling Down to the Real Owners – Part 2. Don't Forget the Trust: Amendments Needed in FATF's Recommendations and in EU's AML Directive

40 Pages Posted: 1 Apr 2017

See all articles by Andres Knobel

Andres Knobel

Tax Justice Network; ICRICT

Markus Meinzer

Tax Justice Network

Date Written: June 18, 2016

Abstract

There are serious shortcomings in the international and European framework rules for trusts' beneficial ownership identification, verification and policing of the system, the FATF’s (2012) 40 recommendations and the 4th EU Directive on anti-money laundering (2015) respectively. This paper proposes solutions and amendments to address these shortcomings.

Keywords: trust law, beneficial ownership, AML

Suggested Citation

Knobel, Andres and Meinzer, Markus, Drilling Down to the Real Owners – Part 2. Don't Forget the Trust: Amendments Needed in FATF's Recommendations and in EU's AML Directive (June 18, 2016). Available at SSRN: https://ssrn.com/abstract=2943973 or http://dx.doi.org/10.2139/ssrn.2943973

Andres Knobel (Contact Author)

Tax Justice Network ( email )

Argentina

ICRICT

Markus Meinzer

Tax Justice Network ( email )

38, Stanley Avenue
Chesham, HP5 2JG
United Kingdom

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