During the licensing process, financial sector supervisors can take the following measures:
- Disclose the identity of the beneficial owners.
- Provide evidence of the source of their funds.
- Gather information on the institution.
- Share information on the institution with law enforcement agencies.
- Review thoroughly founding documents and trust deeds.
- If there are doubts regarding beneficial ownership or source of funds.
- Whose shares are held via nontransparent or complex structures.
- If there is evidence of criminal involvement.
- If there are obstacles to effective supervision.
