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Drill down for business ownership?

Answered by: 

Question: 
Do we have to drill down on a multiple tiered business?
Answer: 

Yes. Beneficial ownership requires us to find the human beings who own 25% or control person of a legal entity customer. There are many other reasons to drill down like OFAC and money laundering.

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Opening New Accounts for Entities webinar.

First published on 02/07/2021

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