Who must be identified in a business relationship besides the contracting party?
Besides the contracting party, the beneficial owner must be identified: the natural person who ultimately owns or controls the contracting party. For legal persons or partnerships the legal representatives are identified as well, and the details are verified against register extracts or other documents.
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Source
- Source
- Money Laundering Act, sections 3 and 10
- Acts
- Money Laundering Act
- Area
- Finance and money laundering
- Checked
- 2026-10-03
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