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Case Study: Sanctions Compliance and UBOs

Recently dealt with a complex case involving an entity where the UBO, initially screened clean, later appeared on a secondary sanctions list due to a minor shareholding in a newly acquired entity. This wasn't immediately apparent through standard screenings. How are others mitigating the risk of dynamic UBO changes and their impact on sanctions compliance for existing clients? Regular, comprehensive rescreening seems necessary but resource-intensive.

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