The US Treasury estimates that $400 billion dollars in illicit proceeds are generated annually in the United States due to financial crimes. Identifying beneficial owners, or persons with at least 25 percent equity interest in the legal entity, will prevent evasion of sanctions, improve risk assessment, facilitate tax compliance, and meet international standards.
Do you have the processes in place to meet customer due diligence requirements, or could you improve? Our team of identity intelligence experts, scientists, and analysts specializing in customer authentication are ready to help!