What happens if a Beneficial Owner becomes a subject of a criminal conviction?

Article ID: 2960

Last updated: 10 Jun, 2019

When a Beneficial Owner becomes the subject of criminal conviction, the High Court, upon the application to the requisite AML Supervisor, can make an order to sell the Beneficial Owner’s interest in the firm.

Article ID: 2960

Last updated: 10 Jun, 2019

Revision: 1

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