The challenges around global Ultimate Beneficial Ownership (UBO) transparency were placed firmly in the spotlight during the ‘Panama Papers’ scandal in 2016 and since, the global efforts to bring transparency to corporate ownership often takes one stride forward and two back.
Recently, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) have proposed a revision the Corporate Transparency Act, exempting domestic companies from reporting beneficial ownership information, while foreign entities remain subject to this requirement. This change reduces compliance obligations for U.S. - based UBOs, but foreign UBOs must still disclose their ownership stakes.
Uneven Ground: The U.S. UBO Exemption and Its Ripple Effects on Global AML
Uneven Ground: The U.S. UBO Exemption and Its Ripple Effects on Global AML
Why attend the webinar?
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Experts suggests that this may weaken the United States efforts to combat the abuse of the financial system by money launderers and terrorist financiers.
Join James Booth as he takes us through an interactive and immersive journey of how money launderers target the vulnerabilities in corporate transparency that ultimately allow criminals to systematically abuse the financial system as well as exploring the humanitarian impact of global money laundering.
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What you'll learn
- Gain insights into the global efforts, setbacks, and current challenges surrounding beneficial ownership disclosure.
- Learn how the proposed revisions to the Corporate Transparency Act affect domestic and foreign entities, and what this means for financial crime prevention in the U.S.
- Explore real-world techniques criminals use to exploit corporate ownership structures and regulatory gaps to hide illicit funds.
- Recognise how financial crime fuels global issues like fraud, terrorism, organised crime, and human rights abuses — beyond just economic harm.
- Discover how cutting-edge AI-driven solutions can enhance the detection of hidden ownership structures, identify risk indicators at scale, and automate due diligence — helping organizations proactively close transparency gaps and stay ahead of increasingly sophisticated financial crime tactics.
In partnership with
Silent Eight is a pioneer in AI-driven financial crime compliance, offering advanced solutions for anti-money laundering (AML) and sanctions screening. By leveraging Agentic AI, their platform automates and streamlines compliance processes with 100% precision, significantly reducing operational costs, investigation times by 60%, and false positives. Silent Eight empowers financial institutions, like HSBC, Standard Chartered, and Emirates NBD, to enhance efficiency, precision, and compliance in the face of evolving regulatory challenges.
Visit Silent Eight's website for more information