Partner Anna Bradshaw comments on proposal to compel UK overseas territories to adopt public ownership registers
Friday 4 May, 2018
Partner Anna Bradshaw tells ACAMS moneylaundering.com that introducing public registers in the overseas territories may prove only marginally helpful to banks when screening clients or transactions for illicit activity. “You can’t rely on information obtained from public registers as a substitute for your own due diligence,” Bradshaw said. “At most they’re helpful as an additional source of information, but at worst they’re unhelpful in the absence of any verification mechanisms.” Read more.