Identifying UBOs is a fundamental legal obligation. However, uncovering and monitoring UBOs can pose tremendous challenges. So what is the most efficient way of organizing this process? Read on to discover our tips.
The real ultimate stakeholder is often hidden behind layers of complex ownership structures. It may just be that the UBO is a person in a sanctioned country or is in a criminal network. Failure to identify the UBO can have serious consequences. Five tips for identifying the UBO.
A fraud risk assessment framework is a process that helps identify areas where an organization is vulnerable to fraud so that you can develop concrete plans. When such an analysis is done correctly, you always stay a few steps ahead of a fraudster. After all, you are looking at your own organization from the eyes of a fraudster.
B2B fraud has increased dramatically, with fraudsters cleverly taking advantage of various circumstances created by the pandemic. B2B fraud has the potential to cripple businesses, resulting in losses that can run into the millions.
The Chamber of Commerce has a UBO register, but at Altares Dun & Bradstreet we talk about a UBO database. These are two different databases that each provide information about the UBO (ultimate beneficial owner) of a company, but there are also differences between the two databases. The three main differences are explained.
Today it became known that the EU wants to ban all Russian oil as part of the sixth round of sanctions. As an organisation, it is difficult to keep track of who has been sanctioned and to see what impact this will have on your organisation. And this while strict enforcement takes place.
Since Russia invaded Ukraine, it has become clear how sensitive a supply chain is, but also how quickly access to key raw materials can be blocked.
In this infographic, we explain why onboarding is so important and reveal the 6 steps for a well-designed onboarding process.
Anyone who participates in corruption can expect a large fine or a long prison sentence. Obviously you want to protect your organization and employees against this. In this blog we describe how data can help you to prevent corruption.
In this blog we describe what data you need to create a well-organized compliance process.
Supplier onboarding is often seen as a complicated and time-consuming process. We show you how it can be made easier.
The 6th AML Directive aims to establish European frameworks and introduce consistent, deterrent penalties for all member states. This blog explains what will change compared with AMLD5.
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