Documenting beneficial owners in accordance with 4th EU Money Laundering Directive

New Compliance Suite Release improves KYC profile. 

The 4th EU Money Laundering Directive requires any obligated party that fall under the Act to document beneficial owners. This is to enable financial institutions to gain more transparency regarding their customers and their economic backgrounds, identify persons at risk and prevent money laundering and terrorist financing.

Roll-out of central beneficial ownership registers

The central registers in the EU countries will be rolled out by the end of 2017. The purpose of the registers is to record and provide access to detailed information on beneficial owners. A national register office will maintain this register electronically.

Start documenting beneficial owners in the Compliance Suite now

The new release of the ACTICO Compliance Suite empowers you to document beneficial owners. You can implement three different data supply constellations.