GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:15 Sep 15, 2020 |
Spanish to English translations [PRO] Law/Patents - Law (general) / Securities | |||||||
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| Selected response from: Robert Carter Mexico Local time: 21:12 | ||||||
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Summary of answers provided | ||||
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3 +4 | beneficial owner |
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5 | Controlling beneficiary |
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Controlling beneficiary Explanation: En el link vas a ver muchos ejemplos Reference: http://www.lawinsider.com/dictionary/controlling-beneficiary |
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beneficial owner Explanation: I have a feeling they are referring to this, per the FATF (Financial Action Task Force): "Beneficial owner Beneficial owner refers to the natural person(s) who ultimately1 owns or controls a customer2 and/or the natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement. [1] Reference to “ultimately owns or controls” and “ultimate effective control” refer to situations in which ownership/control is exercised through a chain of ownership or by means of control other than direct control. [2] This definition should also apply to beneficial owner of a beneficiary under a life or other investment linked insurance policy." https://www.fatf-gafi.org/glossary/ |
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