Beneficial Owner
A beneficial owner is an individual(s), who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, owns 25 ...
MLTF Regulations
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 & 2020 ...
People with Significant Control (PSC)
A person with significant control (PSC) is someone who owns or controls a company. They may also be referred to ...
Trust or Company Service Providers (TCSP) Register
If you provide TCSP services then you must, under Regulation 56, be on the trust and company service register. As ...
BOOM
BOOM stands for ‘Beneficial Owner, Officer or Manager’. CCAB Guidance (Section 3.2.5) defines a BOOM as A sole practitioner; • ...
CDD
Customer or Client Due Diligence involves the bookkeeper actively gathering and validating information about a potential client and their business. ...
FRA
A Firm-wide Risk Assessment (FRA) documents your own consideration of your whole business. It describes the risk environment in which ...