diff --git a/CHANGELOG.md b/CHANGELOG.md
index 03bd81b..d9b2692 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,10 @@ and this project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.
 
 ## [Unreleased]
 
+## [0.16.0] - 2025-01-07
+
+This release adds support for the 0.4 version of the Beneficial Ownership Data Standard
+
 ### Changed
 
 - Update to handle new jsonschema version (Draft202012Validator)
diff --git a/setup.py b/setup.py
index c28dee9..e3c1be0 100644
--- a/setup.py
+++ b/setup.py
@@ -2,7 +2,7 @@
 
 setup(
     name="libcovebods",
-    version="0.15.0",
+    version="0.16.0",
     author="Open Data Services",
     author_email="code@opendataservices.coop",
     url="https://github.com/openownership/lib-cove-bods",