NAVEX Global

Introduction to Beneficial Ownership

Determining beneficial ownership of third parties – a term which refers to the person who ultimately enjoys the benefits of ownership even if the entity or property is in another’s name – has long been difficult to ascertain, yet it is a key piece of the compliance puzzle.

Due to a heightened environment of risk, anti-corruption agencies around the world are requiring firms to have a clear understanding of who really owns their third-party partners. It is no longer acceptable to have limited beneficial ownership information on your business partners.

Download this whitepaper to learn the importance of verifying the ownership of your third parties and to understand the complexities surrounding this increasingly more regulated program element.

Learn how detailed beneficial ownership information mitigates:

Corruption risks by exposing government ownership
Sanctions risks by exposing sanctioned individuals and entities
Money laundering risks
Reputational issues

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