The future of beneficial ownership data: an interview with Thom Townsend
We caught up with Thom Townsend, Executive Director at Open Ownership, to discuss the company's 'Beneficial Ownership Data Standard', perspectives on the implementation of 5AMLD, and if the EU model for the transparency of corporate ownership has been emulated
Filling in the ‘grey area’: the future for UBO registers
The release of ultimate beneficial owner (UBO) registers has become mandatory in the EU following the 5th Anti-Money Laundering Directive (5AMLD), and it could have some extremely positive ramifications for financial institutions. Although, this has quickly shown itself to
Marijuana due diligence: retrospectives, reviews and predictions
Marijuana legalisation is a burgeoning topic for, not just the financial services domain, but wider society as a whole. Not many other industries have had such a to-and-fro of opinion in the past few years, coupled with an increase
Are UBO registers making a difference?
The EU’s 5th Anti-Money Laundering Directive (5MLD) became effective on 10 January 2020. Amongst various other guidelines, it stipulates that member states must open up access to registers of ultimate beneficial owners (UBOs) of companies, also referred to as