This report from Bureau van Dijk discusses the challenge of beneficial ownership and the complexity of financial regulations.
Understanding beneficial ownership of an entity - a corporation or a fund - has emerged as a key element of many financial institutions' compliance activities.
A raft of relatively new regulations - ranging from the US Dodd-Frank Act through to Russian sanctions - require firms to understand who owns the entities they do business with, whether an issuer, counterparty or customer.
This white paper also:
- Explains how beneficial ownership is crucial to compliance for a range of regulations
- Describes the challenge of establishing beneficial ownership
- Discusses best practices for entity data management