The Challenge of Beneficial Ownership
Ultimate Beneficial Ownership has never been more challenging for regulated businesses. The complexities of international trade and the global financial systems have opened new opportunities for criminals.Far from operating in the shadows, criminals disguise their activities as legitimate businesses to hide illicit funds. Failing to understand who you are doing business with, or the status of the client counterparty (KYC) or the Ultimate Beneficial Owner (UBO), increases your organisations’ risk of financial crime or reputational damage. Join our latest webinar on Tuesday 15th June at 14:00 BST with renowned MoneyLand author and journalist Oliver Bullough, award-winning compliance officer Oonagh van den Berg, and senior AML policy officer at Transparency International Laure Brillaud, to discuss why the UK is still attractive to global crooks and Kleptocrats; what can be achieved and looking at the best approach for identifying and monitoring UBOs.
- How big is the problem
- How Beneficial Ownerships are used for Money laundering
- Proactive approach to transparency
- Impact of regulation
- Best practice to verify and monitor UBOs