Financial Crime Financial Crime

Banks face problems determining beneficial owners when checking for financial crime risk, ex-Treasury official says

By Robert Thomason
  • 09 Sep 2020 17:47
  • 09 Sep 2020 17:47
Banks reviewing customers to detect risk of sanctions and financial crime face problems because there’s no global standard for beneficial ownership thresholds, said a former US Treasury official.

Although US sanction rules block transactions of firms that are more than 50 percent owned by people or firms noted for corruption and other financial

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments


Latest News