Why to identify beneficial owners?

11 months ago
Banking

The term Beneficial Owner is important to understand because a person in whose name an 
account is opened with an institution may not necessarily be the person who ultimately controls 
or is entitled to the funds or investments. The distinction is important because the focus of antimoney laundering guidelines is on the person who has the ultimate level of control or 
entitlement.

0
Rusma Khadka
May 23, 2023
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