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<\/p>\nOn January 21, 2026, CIEL Deputy Director Professor Yueh-Ping Yang was invited to speak at the 17th Anti-Money Laundering and Anti-Financial Crime Conference\u2014Taiwan, hosted by the Association of Certified Anti-Money Laundering Specialists (ACAMS). In his featured lecture, titled \u201cTransparency of Legal Persons and Legal Arrangements,\u201d Professor Yang examined the central role of the beneficial ownership regime within the anti-money laundering framework, drawing on international standards and Taiwan\u2019s current legal system.<\/p>\n
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Professor Yang first outlined the requirements under Recommendations 24 and 25 of the FATF Recommendations concerning beneficial ownership for legal persons and legal arrangements. He emphasized that the FATF calls on jurisdictions to ensure that competent authorities can obtain beneficial ownership information on legal persons and legal arrangements swiftly and effectively, and to adopt effective measures to prevent the misuse of nominee shareholders or nominee directors for money laundering or terrorist financing.<\/p>\n
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Turning to Taiwan\u2019s legal framework, Professor Yang referenced Article 22-1 of the Company Act and Article 11 of the Money Laundering Control Act, noting that while the current system imposes reporting and record-keeping obligations for certain company information and for some trustees, Taiwan still relies heavily on financial institutions and DNFBPs to identify beneficial owners. A comprehensive system for the reporting and centralized access to beneficial ownership information has yet to be fully established. Significant transparency gaps also remain with respect to nominee shareholders\/directors, legal persons other than companies, and legal arrangements other than trusts.<\/p>\n
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By comparing international AML standards with Taiwan\u2019s existing legal framework and regulatory practices, the lecture identified key areas where further reforms are needed to enhance the transparency of legal persons and legal arrangements, and offered important policy and legislative insights for strengthening Taiwan\u2019s anti-money laundering and counter-financial crime regime.<\/p>\n","protected":false},"excerpt":{"rendered":"
On January 21, 2026, CIEL Deputy Director Professor Yueh-Ping Yang was invited to speak at the 17th Anti-Money Laundering and Anti-Financial Crime Conference\u2014Taiwan, hosted by the Association of Certified Anti-Money Laundering Specialists (ACAMS). In his featured lecture, titled \u201cTransparency of Legal Persons and Legal Arrangements,\u201d Professor Yang examined the central role of the beneficial ownership […]<\/p>\n","protected":false},"author":2,"featured_media":2784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[141,247,290,291,292],"class_list":["post-2786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-aml","tag-anti-money-laundering","tag-money-laundering-control-act","tag-company-act","tag-financial-crime"],"acf":[],"yoast_head":"\n