FATF and the G20 Anti-Corruption Working Group (ACWG) held a joint experts meeting on corruption this week, focussing on transparency and beneficial ownership. The issues under discussion included: (i) the misuse of legal persons and arrangements, which focused attention on the need to improve implementation of controls against the misuse of corporate structures; (ii) an update on the beneficial ownership work currently being undertaken by different bodies at the international level; (iii) the practical challenges for implementation of international standards on beneficial ownership in practice, for AML/CFT and anti-corruption purposes and ways to overcome them; and (iv) the specific actions that the G20 and FATF members can take to implement beneficial ownership commitments, including how the G20 members can lead by example.