Oct 3, 2019 | Beneficial Ownership | OwnerCheck, Due Diligence, Thought Leadership, Wealth Intelligence | WealthCheck
Efforts around the globe to identify Ultimate Beneficial Ownership (UBO) within companies, trusts and funds have intensified in recent months. This puts extraordinary pressure on global businesses to remain alert to, and in compliance with, fast shifts in the...
Aug 21, 2019 | Compliance, Due Diligence, Thought Leadership, Wealth Intelligence | WealthCheck
Compliance professionals are aware that substandard anti-money laundering (AML) processes and procedures and insufficient know-your-customer screening can open the floodgates for financial crime. Even with this knowledge, the high-profile scandal engulfing Denmark’s...
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...
Nov 26, 2018 | Due Diligence, Thought Leadership
Recent data indicates that there are over 125 open FCPA-related investigations — across 56 industries — into violations of the US federal law prohibiting bribery payments to foreign officials. Those numbers, however, only tell a small part of the story. Legal experts...
Jun 14, 2017 | Compliance, Due Diligence, Thought Leadership
In the first update to its framework for assessing the money laundering risk of Politically Exposed Persons (PEPs) in nine years, the Wolfsberg Group urged financial institutions last month to focus resources on high-risk PEPs, remain vigilant when dealing with...