Demystifying UBO compliance: Transparency VS Compliance

In the growing – and ever more intricate - world of global finance, money laundering remains one of the most pervasive and challenging issues. A crime in itself – and an enabler of the most serious organised crimes in the world – money laundering is where illicit funds are channelled through layers of seemingly banal transactions and entities in order to hide the original ownership and source of profits to make them appear legitimate.

In this whitepaper we will look at the ways in which shell companies are exploited by financial criminals, and how being able to identify the ultimate beneficial owner (UBO) of a shell company is the key to preventing some of the most common money laundering and fraud techniques.

Download your copy of Demystifying UBO compliance: Transparency VS Compliance to discover:

• What are shell companies?

• What are legitimate uses for shell companies?

• Why are shell companies used by money launderers?

• How can firms tell if shell companies are cleaning dirty cash?

• What is a UBO?

• Identifying a UBO – transparency vs compliance

• How do you find a UBO?

• How SmartSearch can help with UBO checks?