Financial Crime & AML
Blogs
Canada's Beneficial Ownership Evolution
In recent years, the global spotlight on beneficial ownership transparency has intensified, driven by the need to combat financial crime, tax evasion, and corruption. Canada has been part of this conversation, making strides to enhance transparency in corp
Understanding Ultimate Beneficial Owners (UBO) for Compliance
Unlike abeneficial owner, which may include intermediaries or legal entities with indirect stakes, a UBO is the ultimate individual at the top of the ownership chain—typically holding a significant stake (25% or more) or exercising effective control.
Overcoming Counterparty Onboarding Challenges in Energy & Commodities
Geopolitical events in the last 24 months have led to increased sanctions, increased scrutiny, and increased risk and compliance complexity for energy and commodities firms. Financial crimes, such as corruption and sanctions evasion, have become crucial ri
AML in the EU: Progress on Regulatory Harmonization
UPDATE: On the 24th April, 2024, the European Parliament agreed toadoptthis package of AML laws. These laws will come under the supervision of theAnti-Money Laundering Authority(AMLA), the EU’s new AML body, whose ratification was also part of this package
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