Anti-Money Laundering · glossary
A person who in the end owns or controls the client, through every company and trust in between. A director is not always one. Merranby’s beneficial owners are the settlor, the trustee and the beneficiaries of the trust. Client Due Diligence File, definitions, “Beneficial Owner” · Chapter 1 · see Settlor
Explained in Chapter 1, What Anti-Money Laundering Means in a Law Firm, of Anti-Money Laundering.
Each person who ultimately owns or controls the client is a beneficial owner. A company’s director is not always one. Behind Merranby stand a company abroad and a trust, so you must look past Oliver.Read Chapter 1, What Anti-Money Laundering Means in a Law Firm →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Anti-Money Laundering and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
means a person who ultimately owns or controls the Client, as regulations 5 and 6 of the Regulations define it;Read the definition in the document →
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