Regulatory bodiesfatf-rec-10
FATF Recommendation 10
The global customer due diligence standard underpinning KYC and beneficial-ownership checks.
FATF Recommendation 10 sets the global Customer Due Diligence (CDD) standard: financial institutions must identify and verify customers and their beneficial owners, understand the relationship's purpose, and conduct ongoing monitoring. It is the backbone of KYC and the reason beneficial-ownership traversal matters, you must reach the natural person behind a chain of entities. OilFlow's KYC pipeline and shell-detection map to that requirement.
See also