The beneficial owner is defined as:
Why is it important to determine beneficial owners of our business customers (more than one answer correct)?
To whom a report of suspicious activity should be sent?
What should we do if the business customer refuse to provide or update information about beneficial ownership?
In Your own words, please explain what is tipping off?
In Your own words, please describe what to do if You detect a suspicious transaction or suspicious customer behaviour?
Please list five reasons why Charities or Non-profit organisations are attractive to criminals to disguise illegal activity?
What do we risk if we do not establish who is/are the beneficial owner/s of a business customer?