Apr 14, 2020 | Beneficial Ownership | OwnerCheck, Compliance, Thought Leadership, Wealth Intelligence | WealthCheck
Beneficial ownership has caused compliance teams headaches for as long as we can remember, especially if you are an obliged entity. Currently, beneficial ownership is considered the top vulnerability in the US financial system, alongside the misuse of digital assets....
Mar 4, 2020 | Beneficial Ownership | OwnerCheck, Due Diligence, Executive Background Checks | ExecCheck, Inside IntegrityRisk, Third Party Screening | ScreenCheck, Thought Leadership, Wealth Intelligence | WealthCheck
Our IntegrityRisk team has been around the risk management industry for decades, and we’ve seen tremendous change in the types of business risk companies must contend with. Digital technology has disrupted the way organizations operate, introducing immense cyber risk...
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...
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...