Under the Universal Beneficial Ownership (UBO), FATF Recommendation 24 stated which of the following?

Under the Universal Beneficial Ownership (UBO), FATF Recommendation 24 stated which of the following?
A . That jurisdictions find it challenging to achieve a satisfactory level of transparency regarding the beneficial ownership of legal persons.
B. That financial institutions find it challenging to achieve a satisfactory level of transparency regarding the beneficial ownership of legal persons.
C. Those countries should take measures to prevent the misuse of legal persons for money laundering or terrorist financing. It should ensure that there is adequate, accurate and timely information on the beneficial ownership and control of legal persons that can be obtained or accessed in a timely fashion by competent authorities.
D. Those financial institutions should take measures to prevent the misuse of legal persons for money laundering or terrorist financing. It should ensure that there is adequate, accurate and timely information on the beneficial ownership and control of legal persons that can be obtained or accessed in a timely fashion by competent authorities.

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Answer: C

Explanation:

It states that countries should take measures to prevent the misuse of legal persons for money laundering or terrorist financing. It should ensure that there is adequate, accurate and timely information on the beneficial ownership and control of legal persons that can be obtained or accessed in a timely fashion by competent authorities.