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thanks for the question. Beneficial Owner - Person or company who holds legal right of ownership, equity or shares Beneficiary - the person who benefits of such ownership. (e.g. in a trust structure it can be the children of the settlor who are the beneficiaries) Hope the above helps.
👍Thank you for watching, please Like and Subscribe if you have enjoyed watching this video.
Also dont forget to leave us a comment with suggested topics you would like us to cover. 🤗
Difference between Beneficial owner and beneficiary?
thanks for the question.
Beneficial Owner - Person or company who holds legal right of ownership, equity or shares
Beneficiary - the person who benefits of such ownership. (e.g. in a trust structure it can be the children of the settlor who are the beneficiaries)
Hope the above helps.
KYC for Trust business
Please cover this topic
@Jithu Jiffy thanks for the suggestion "What is a Trust, and why is it used for criminal activity" that would be a good topic.