“The Beneficial Owner” and Trusts
The Financial Action Task Force (FATF) was established in 1989 to coordinate an international effort to combat money laundering. The word “beneficial owner” is used by the Financial Action Task Force (FATF) to identify a “warm body” with financially benefits. The FATF requires disclosure of these “warm bodies” to relevant institutions. Beneficial ownership transparency is […]
5 COMMON SMALL BUSINESS MONEY MISTAKES
Of all the roles a small business owner takes on, often the most challenging is managing the business’s finances. You can improve your chances for success – and your profitability — by being aware of and steering clear of these common small business money mistakes. Insufficient Cash Insufficient cash is one of the leading causes of […]