Beneficial owner refers to the natural person(s) who ultimately owns or controls a customer and/or the natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement.
About JX Low
Founder of AML/CFT.NET • Financial Crime Officer in an MNC.
ICA Adv Cert in GRC / ICA Dip in AML (In Progress)