The 5th AML Directive came into force in January 2020. Many financial institutions are struggling to meet aspects of the new requirements concerning Customer Due Diligence (CDD).
Our latest white paper discusses the implications and some solutions for obliged entities in the context of Corporate CDD, the enhanced expectations on the adequacy and currency of Beneficial Owner data (UBO), disclosures of discrepancies, and the importance of Ongoing Monitoring of corporate entity and associated person data, following recent enforcement actions.
Download our “Impact of the European Union’s 5th AML Directive” white paper and discover how you can address these challenges.
Get your copy of the white paper!