Who's Really Behind the Corporate Structure?
CSPs, registered agents, nominee services, and corporate formation providers are among the most scrutinized FATF DNFBPs globally. Regulators are closing the shell company loophole. Beneficial ownership verification is now mandatory in most jurisdictions.
CSPs Are the Gateway Regulators Are Closing
Trust and company service providers are the mechanism through which shell companies and nominee structures are created, making them a primary focus for AML regulators globally. FATF, FinCEN, AMLA, and AUSTRAC all identify CSPs as high-risk DNFBPs.
Sentinel™ provides CSPs with the beneficial ownership screening, PEP checks, sanctions screening, and adverse media monitoring required to verify the ultimate beneficial owners behind every corporate structure they form or administer.
Good Tip from Oscar
"Every shell company has a human being behind it. That human being is the point of your compliance obligation, not the LLC, not the holding company, not the nominee director. The Corporate Transparency Act, AMLA, and ECCTA all exist to find that person."
Key AML/KYC Regulations Sentinel™ Helps You Meet
FinCEN BOI / Corporate Transparency Act
The US Corporate Transparency Act requires beneficial ownership reporting for most US companies. CSPs and registered agents must verify and report UBO information to FinCEN's BOI database.
FinCEN CDD Rule / OFAC
CSPs must conduct CDD on beneficial owners at 25%+ control threshold and screen against OFAC's SDN list.
EU AMLA & 6AMLD
Trust and company service providers in the EU are obligated entities under the AML Directives. AMLA directly supervises high-risk CSPs from 2025.
HMRC / Companies House / MLRs
UK TCSPs supervised by HMRC must comply with MLRs 2017. Companies House reforms under ECCTA 2023 require identity verification for all directors and PSCs.
FINTRAC / PCMLTFA
Company service providers in Canada handling incorporation, trust administration, or nominee services are reporting entities under the PCMLTFA.
AUSTRAC Tranche 2
Australia's 2024 AML/CTF Amendment Act brings trust and company service providers fully into scope. Deadline: July 1, 2026.
FATF Recommendation 22
FATF Recommendation 22 requires TCSPs to apply CDD, verify beneficial owners, maintain records, and file STRs.
EU BO Registers / PSC Register
EU member states maintain beneficial ownership registers. The UK's PSC register requires disclosure of all individuals with 25%+ ownership or control.
Everything Your AML/KYC Compliance Team Needs
Lowest False Positive Rate
Secondary matching criteria date of birth, citizenship, address eliminate erroneous alerts before they reach your team. Your analysts focus on real risk.
Continuous Customer Monitoring
Your full customer portfolio is automatically re-screened when watchlists update. No manual batch jobs. No compliance gaps between periodic reviews.
Un-editable Audit Logs
Every decision, every alert, every override is timestamped and logged in an immutable audit trail. Fully exportable for examiner review at any time.
Real-Time API & Batch Processing
Integrate at onboarding via Real-Time API, or run batch screening across your full portfolio. Same-day go-live less than one business day to integrate.
Global Watchlist Coverage
OFAC SDN, UN, EU, HMT, DFAT, and 50+ additional global sanctions lists all updated daily. PEP screening and adverse media in 5 languages.
Tier 1 & 2 Support
From user training to technical consultation. Dedicated support for large operations. Human support from compliance professionals not a help desk queue.
Regulators Are Done
Pretending Shell Companies Are Neutral.
AUSTRAC Tranche 2 brings trust and company service providers fully into scope by July 2026. The Corporate Transparency Act, AMLA, and UK ECCTA are closing the same loophole from three directions at once. Read the full AUSTRAC reform analysis →
If you're an examiner reading this, hello, welcome, everything is in order.
The information on this website is provided for general informational purposes only and does not constitute legal, regulatory, or compliance advice. Truth Technologies, Inc. makes no representations or warranties regarding the accuracy, completeness, or currency of the regulatory information presented. AML/KYC obligations vary by jurisdiction, institution type, and individual circumstances. Organizations should consult qualified legal counsel or a licensed compliance professional before making compliance decisions. Sentinel Compliance Platform™ is a product of Truth Technologies, Inc.