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IN T E R NAT IO N A L C OM M U N IC AT ION A SSO I AT I ON VOLUME 47, ISSUE 1JANUARY/FEBRUARY 2019Annual ICA Conference Registration Now Open!
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What is b o l b?
BOlb stands for Beneficial Ownership of Legal Entities and refers to a form used to report beneficial ownership information of legal entities.
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Legal entities subject to reporting requirements under applicable laws and regulations are required to file BOlb.
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The purpose of BOlb is to increase transparency and prevent money laundering and other illicit activities by disclosing the individuals who ultimately control or benefit from a legal entity.
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Information such as the full legal name, address, date of birth, and ownership percentage of the beneficial owners must be reported on BOlb.
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