Client due diligence measures are becoming more rigid, and the
Ultimate Beneficial Owner register rollout is in full swing.
It's more important than ever for multinationals to properly
identify and screen all parties involved in their operations.
Today's international business market is constantly changing
and so are the compliance needs of companies. Terrorism, identity
fraud and money laundering are hot button issues that make
compliance and Know Your Client (KYC) controls essential when
dealing with everyone from partners to investors and suppliers.
The European Union's 5th Anti-Money Laundering (AML)
Directive and Ultimate Beneficial Owner (UBO) register
implementation were topics of great interest at this year's Ethics and
Compliance Eastern Europe conference in Opatija,
Croatia.
