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The Ultimate Beneficial Owner – Between Business and the Legal Constrains

1 November 2022

Our colleagues Carmen Peli and Adelina Iordache explain the rules regarding the identification of the beneficial owner which are meant to help prevent and combat money laundering and terrorist financing, in an opinion article published by Ziarul Financiar.

Legal obligations to identify and update the information regarding the beneficial owner sometimes need to take into account complex local and foreign shareholding structures. There are measures that can simplify this process for the benefit of both businesses and the companies that have to report,” explained our colleagues.

Read about it here.