Identifying source of funds in maritime asset transactions – a key responsibility
Summary
Verifying the source of funds is a fundamental part of compliance in maritime asset transactions. In this article Assentiri Founder and CEO, Torgeir Willumsen, explains why regulators increasingly expect escrow agents and other stakeholders to understand where transaction funds originate, and how a risk-based approach influences the level of due diligence required. The article also outlines practical considerations when assessing debt, equity and third-party funding in complex cross-border transactions.
This article was originally published 2 October 20024 on LinkedIn.
Read the full article on LinkedIn
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