The importance of beneficial ownership

The importance of beneficial ownership

JIBFL_2016_Vol31_Issue06_June_Covers.inddAnti-money laundering legislation was first introduced in the early 1990s to combat the laundering of drugs money. It was limited initially to customer due diligence. In recent years it has been significantly extended to now include the owners of customers and it has introduced risk assessment. With complexity, uncertainty and ambiguity has been brought into this legislation. This has been recognised by the European Commission in the drafting of the 4th Directive.

Click here to read the full article.

JIBFL will be sharing two articles per month on-line only. They will be available on the Loan Ranger blog one month after publication in LexisLibrary.

 

Related Articles:
Latest Articles:
About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.