Digital Regulation Series – Financial Crime
Why is transparency of corporate ownership so important?
About the event
Company registers aren’t all equal and there are many barriers to acquiring information. As countless companies operate globally, this poses a big problem when there are accessibility, technological and data completeness issues across different jurisdictions.
This virtual roundtable, in collaboration with the City of London Corporation and in partnership with Evalueserve, Know Your Customer and kompany focussed on the importance of corporate ownership transparency in the fight against financial crime and corruption, whilst acknowledging the challenges this presents for regulated firms. We discussed:
- Why is the transparency of corporate ownership so important?
- What are some of the challenges for financial institutions in accessing this information?
- What is being done to overcome these challenges at both a regulatory and more practical level?
- How can RegTech and technology tools help to overcome these challenges?