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Implementation Guidance EP 200 IG 2 Antimony Laundering and Countering the Financing of Terrorism Requirements and Guidelines for Professional Accountants in Singapore Illustrative Customer Due Diligence.

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EP 200 provides the anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements and guidelines for professional accountants in Singapore.

For example, if your client company is owned by another company and that company is owned by an individual, the individual at the top of that chain is your client company's ultimate beneficial owner because they ultimately hold beneficial ownership of the client.

Ultimate Beneficial Ownership (UBO) is an ultimate beneficial owner or the ultimate interested party refers to the natural person who ultimately owns or controls a customer and / or the natural person on whose behalf a transaction is conducted, ing to the Financial Action Task Force (FATF) - a regulatory body to ...

(a) Beneficial owner – The natural person(s) who ultimately owns or controls a client, or the natural person on whose behalf a transaction is being conducted.

Customer due diligence (CDD) is a process of checks designed to identify, risk assess and verify your client to make sure they are who they say they are.

Under financial regulations, a beneficial owner is considered anyone with a stake of 25% or more in a legal entity or corporation. Beneficial owners can also be considered anyone with a significant role in the management or direction of those entities, or any trusts that own 25% or more of an entity.

An “agent”, in relation to a customer, is a person appointed by the customer to act on the customer's behalf in any business relationship.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232