In the previous edition of AML we discussed difficulties in determining the ultimate beneficial owner (UBO) of proprietary companies in Australia. In this monthÃ¢Â€Â™s article, Dr McDermott looks at two key jurisdictions which influence future trends in AML; namely, the US and UK. You will see from the analysis below that problems faced by Australian institutions and the lack of transparency of UBOs are yet to be tackled in a successful way by these jurisdictions.
|Number of pages||4|
|Journal||Anti-Money Laundering Magazine|
|Publication status||Published - 2010|