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Sam Sheen, founder and managing director of Ex Ante Advisory, explores what “power and control” is and why it matters from a compliance perspective. It’s a concept that’s often misunderstood or overlooked but can be vital for identifying risk and financial crime.
Knowing who the beneficial owners are isn’t always enough. And information required for a traditional KYC process might not show you who’s really pulling the strings.
Sheen describes why understanding how control manifests itself can be a challenge and shares a well-known example of power and control in action.