Anti-Money Laundering · glossary
A director who signs a company’s papers but acts on someone else’s instructions. Ostrick’s directors act on the trustee’s instructions. A nominee is a link in the chain of owners, never a beneficial owner. Beneficial Ownership Record, paragraph 2 · Chapter 4 · see Beneficial owner
Explained in Chapter 4, Beneficial Ownership: Offshore Companies and Trusts, of Anti-Money Laundering.
Ostrick’s directors are nominee directors. They sign its papers, but they act on the trustee’s instructions. So the real decisions are made further up the chain.Read Chapter 4, Beneficial Ownership: Offshore Companies and Trusts →
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