Search results
Jun 17, 2021 · 1. Why is there a need for a Beneficial Ownership (“BO”) declaration in Malaysia? Business entities play an important role in supporting economic growth. However, the legal structure of business entities such as Sdn. Bhd. or Limited Liability Partnership is susceptible to being misused for carrying out illicit activities such as money laundering, terrorism financing and other serious crimes.
Jan 11, 2024 · Article 3 (6) of Directive (EU) 2015/849 defines „ beneficial owner “ in the context of the European Union’s efforts to combat money laundering and terrorist financing. This definition is critical in understanding who ultimately owns or controls a customer, particularly in financial and legal transactions.
BENEFICIAL - Synonyms, related words and examples | Cambridge English Thesaurus
beneficial (to something/somebody) jump to other results improving a situation; having a helpful or useful effect synonym advantageous , favorable A good diet is beneficial to your health.
Beneficial definition: Producing or promoting a favorable result; advantageous. Involving the receipt of funds, property, or other benefits, as from an insurance policy or trust.
Jun 2, 2024 · beneficial ( comparative more beneficial, superlative most beneficial) Helpful or good to something or someone . Recycling and reusing garbage can be beneficial to the environment. Mostly, the microbiome is beneficial. It helps with digestion and enables people to extract a lot more calories from their food than would otherwise be possible.
Apr 11, 2024 · Beneficial Owner: A beneficial owner is a person who enjoys the benefits of ownership even though title to some form of property is in another name. It also means any individual or group of ...
