beneficial ownership disclosure
Beneficial ownership disclosure refers to the requirement for individuals or entities to reveal the true owners or controlling parties of a company or asset in a transparent and accountable manner. It aims to prevent money laundering, corruption, and illicit activities by ensuring that the individuals or entities benefiting from and controlling the asset or company are identified and made known to relevant authorities.
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Related Concepts (1)
Similar Concepts
- beneficial ownership
- corporate transparency
- disclosure policies
- disclosure requirements
- financial transparency
- hidden ownership
- information disclosure
- legal aspects of responsible disclosure
- responsible disclosure
- responsible disclosure policies
- risk disclosure
- shareholding partnerships
- tax transparency and disclosure measures
- tax transparency and disclosure reforms
- transparency and disclosure