Whitepaper: Determining beneficial ownership according to AMLR
Our free practical guide explains how the definition, calculation logic and documentation of beneficial owners are changing due to AMLR and what this means for your KYC processes.
Understanding ownership, control, and coexistence
Prepare KYC processes in good time
Is identifying beneficial owners becoming more complex in your KYC processes?
The AMLR changes how beneficial ownership is determined. New thresholds, the accumulation method, the parallel assessment of ownership and control, and expanded documentation requirements mean that existing KYC processes need to be reviewed and adapted.
Many institutions are faced with the question: Are existing data models, audit logics and documentation processes sufficient to determine beneficial owners in a transparent, complete and efficient manner in the future?
Our white paper provides you with a practical overview of the most important changes and shows what obliged entities should pay attention to when preparing for the AMLR.
This is not just about regulatory classification, but above all about practical implementation: in onboarding processes, with existing customers, in the documentation of shareholding structures and in the technical mapping of KYC checks.
In our white paper you will learn:
which new definition of beneficial owners will be relevant under AMLR
which additional data on beneficial owners must be collected and documented
why ownership participation, control and coexistence cases will have to be examined in parallel in the future
how the new accumulation method works in multi-tiered participation structures
what impact the new WE logic has on KYC processes, IT systems and existing customers
Understanding and preparing for the new investigation method
Download our free white paper now and receive a structured practical guide to identifying beneficial owners under AMLR. In addition to the white paper, you'll benefit from regular tips and the latest news on KYC, anti-money laundering, and compliance through our monthly newsletter.
We are the team behind KYCnow
We support banks, insurers and other obligated parties in implementing KYC processes digitally, in a structured and efficient manner.
With our whitepaper, we want to help you not only to understand the new requirements for determining beneficial owners under AMLR from a technical perspective, but also to better prepare operationally.
Because the new WE logic doesn't just affect individual audit decisions. It impacts data models, system logics, documentation requirements, existing customer processes, and the collaboration between compliance, KYC teams, and specialist departments.
KYCnow helps to digitally map company and shareholding structures, to collect relevant data in a structured manner, and to make KYC processes more transparent and scalable throughout the entire customer lifecycle.