Figuring out the final word helpful proprietor (UBO) of people and firms your agency does enterprise with generally is a tough factor.
Discover out too little about your prospects and counterparties, and your agency unknowingly may very well be partnering with sanctioned people, terrorist teams, or cash launderers. Tasking a compliance division to ferret out who’s behind each checking account and shell firm in your agency’s community, although, is unattainable utilizing guide processes.
So, the place is the candy spot on understanding the UBO of the entities your agency does enterprise with? And what expertise is out there to get you there?