AML-CFT - Beneficial Ownership - Recommendations 24 and 25 - page 21

Sanctions
•
Effective, proportionate and dissuasive sanctions should
be applicable to any legal or natural person failing to
comply with the specified requirements
•
In the case of trusts, effective, proportionate and
dissuasive sanctions should apply for failing to grant CAs
timely access to basic and BO information regarding the
trust
•
Sanctions may be either civil, criminal or administrative
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