Gain a comprehensive understanding of the key aspects and developments of UBO compliance management.
Despite regulatory attempts to promote transparency in Ultimate Beneficial Ownership (UBO) information, these registries still struggle to address the risks of sanctions evasion, corruption and other financial crime risks. While the move towards transparency and public registries makes sense, the complexities may overwhelm many benefits. Meeting transparency obligations will require a coordinated, global effort by governments, international bodies and the financial sector to protect the global financial system.
Access the full white paper to find out:
- The International Consortium of Investigative Journalists (ICIJ) Cyprus investigation report findings
- How UBO regulations have evolved over the years
- What questions financial institutions need to consider to achieve effective UBO compliance