We've published an A-Z guide on corporate ownership and compliance terms.
According to the guide, compliance is:
... the discipline of making sure that companies conform to the appropriate national and international rules of conduct, both in their internal operations and their dealings with third parties.
In relation to corporate ownership research, third-party dealings are key. Researchers must perform due diligence – often the specific area of customer due diligence (CDD) – not just on their third parties but on some of their owners, and identifying the types of owner and their percentage shares is crucial.
Whether for regulatory reasons or for reputation protection, compliance relates to the overlapping areas of anti-money laundering (AML), know your customer (KYC), terrorist financing, bribery and corruption, and sanctions enforcement.
These are all linked to ownership.
Including many more entries like this one, the guide will help you set in context themes such as:
- Integrated ownership
- The EU's fourth anti-money laundering directive, cross-referencing beneficial ownership and "people of significant control"
- Controlling ownership, sanctions and the regulatory bodies behind them
- Third parties, entities and individuals