How the Corporate Transparency Act Shakes Up AML: Beneficial Ownership Updates and More
The CTA changes what constitutes beneficial ownership and establishes more robust automated data collection. In addition, it increases responsibilities and ...
Tag: Beneficial Ownership
FinCEN’s Registry Will Be a Game-Changer. It Will Also Place an Added Burden on Corporations.
The Corporate Transparency Act (CTA) passed last year mandates FinCEN to establish a national registry of ultimate beneficial ownership (UBO) ...
The Corporate Transparency Act: Pulling Back the Veil
The Corporate Transparency Act (CTA) will require millions of U.S. businesses to provide beneficial ownership information to the federal government. ...
The Most Significant Change to AML Rules Since the Patriot Act
Anti-money laundering laws have now seen the most significant reformation of the Bank Secrecy Act since the adoption of the ...
The Top Regulatory Trends to Watch in 2021
Whether it’s global reforms in combatting financial crime, the impact of Brexit or the acceleration of digitalization in financial services, ...
The Mafia’s Jackpot: How Criminal Organizations are Profiting from COVID-19
Mafia groups are taking advantage of the COVID-19 crisis to acquire bankrupt entities for their nefarious purposes. Pideeco’s Stefano Siggia ...
The Controversy Surrounding the Corporate Transparency Act
Gavin/Solmonese’s Anne Eberhardt explores the opposition to the Corporate Transparency Act of 2019, stemming in part from privacy concerns and ...
UBO Transparency, Capital Markets and Tighter AML Controls
Firms can’t afford to become complacent when it comes to AML compliance. encompass corporation’s Henry Balani comments on findings form ...
How Customers are Moving to the Frontline in FinCrime Compliance
Financial crimes compliance has historically been solely the realm of banks and financial institutions. Sujata Dasgupta discusses how and why ...
5 Common Weaknesses in OFAC Sanctions Compliance Programs
If your business activities take place in the U.S., you need to be doing OFAC screening. Michael Volkov offers five ...
Refinitiv Unwraps Beneficial Ownership and Vessel Data to Support Improved Risk Management
Integration of data from Dun & Bradstreet and IHS Markit Maritime and Trade within World-Check One creates formidable resource in ...
How Shell Companies Might be Circumventing FinCEN’s Beneficial Ownership Rule
FinCEN issued the final rule on customer due diligence on the heels of the Panama Papers scandal, and we’re now ...
