May 16, 2019 | Beneficial Ownership | OwnerCheck, Compliance, Third Party Screening | ScreenCheck, Thought Leadership
Recent developments on the US and foreign law enforcement fronts, alongside signals of a potential shift in Bank Secrecy Act (BSA) obligations, renew pressure on entities to ensure that the quality of their beneficial ownership compliance and third-party screening...
Jul 24, 2018 | Beneficial Ownership | OwnerCheck, Due Diligence, Thought Leadership
Beneficial ownership compliance is in flux. Even experienced legislation watchers and savvy compliance experts are confounded by erratic posturing and mixed messages emerging from global jurisdictions. We’ve followed the turns and twists as bankers, lawmakers, and...
Mar 9, 2017 | Beneficial Ownership | OwnerCheck, Thought Leadership
The 2016 release of the Panama Papers cast a spotlight on an issue that financial institutions and real estate firms had been wrestling with for years: the need to step up their processes for verifying beneficial ownership. Even before the Panama Papers, government...
Feb 9, 2017 | Beneficial Ownership | OwnerCheck, Thought Leadership, Wealth Intelligence | WealthCheck
Source-of-wealth diligence is much more challenging today than it was even a few years ago. Regulators are urging financial institutions to go deeper with their verification processes —without offering detailed guidance — while also stepping up enforcement actions and...