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Informe técnico

The global shift toward ownership registers

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Lifting the beneficial ownership veil

Deciding on who has ultimate control over bank accounts and financial transactions in complex corporate structures is a major challenge in the war against money laundering and terrorist financing across the globe. Ultimate Beneficial Ownership (UBO) due diligence is a fundamental requirement of a financial institution’s satisfactory AML program, and often proves to be one of the most difficult aspects of the AML and KYC process.

As the focus has intensified on this, government bodies and financial regulators have routinely issued new guidance and regulations, forcing financial institutions to provide more evidence to meet local and global beneficial ownership rules.

How do financial institutions stay on top of it?

By making use of the plethora of beneficial ownership registers appearing in many countries.

Read this paper to learn more about:

  • Which countries are leading the way with publicly available beneficial ownership registers
  • How to make the right Regtech decisions to underpin the beneficial ownership due diligence process

Etiqueta

Desafío: Compromiso del cliente Desafío: Incorporación de clientes Industry: Servicios financieros Industry: Servicios financieros
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