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المملكة: 10 years to save the records .. The most prominent new endowment controls for the vision-urgent
I put off The General Endowment Authority a project for the definition of “real beneficiary” definition from the endowments, in an organizational step aimed at establishing new rules of transparency and governance in the endowment sector, and ensuring the access to the benefits of endowments to its actual entitlements. And reliable for all ends associated with endowments. Wise Management of Assets
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The commission explained that these standards will contribute to the organization of The glasses work accurately, and guarantees the rational administration of endowment assets in a way that achieves the supreme purposes of the standing, preserves the rights of the beneficiaries, and ultimately enhances the role of the endowment sector in supporting the national economy. The role. And in the event that the standing or perceived party is a legal person, the real beneficiary is the natural person who owns it or runs it. Accurate and updated data
and obligated The new standards endowment counterparts with clear responsibilities, which are to obtain and preserve accurate and updated data on the beneficiaries. These data include a minimum full name, nationality, date of birth, communication information, and ID number, in addition to the details of the relationship with the endowment and the size of the share due from the rent. The endowment, to ensure the construction of a comprehensive and reliable record for all financial and administrative operations. The criteria for the beholder provided the authority to provide the authority with this data upon its request, taking into account the level of risk for each beneficiary when determining the required score. Disclosure of beneficiaries’ data In the context of strengthening oversight, the standards obligated the vision to disclose the data of the beneficiaries of the financial institutions and the competent authorities when needed, with the need to inform those bodies in their official capacity as a vision when conducting any transactions in the name of the endowment. Years. At the same time, the endowments granted flexibility to implement additional controls that are commensurate with their nature and size, provided that the minimum regulatory requirements are committed. Enough for everyone to adapt to new requirements. - For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
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The commission explained that these standards will contribute to the organization of The glasses work accurately, and guarantees the rational administration of endowment assets in a way that achieves the supreme purposes of the standing, preserves the rights of the beneficiaries, and ultimately enhances the role of the endowment sector in supporting the national economy. The role. And in the event that the standing or perceived party is a legal person, the real beneficiary is the natural person who owns it or runs it.
Accurate and updated data
and obligated The new standards endowment counterparts with clear responsibilities, which are to obtain and preserve accurate and updated data on the beneficiaries. These data include a minimum full name, nationality, date of birth, communication information, and ID number, in addition to the details of the relationship with the endowment and the size of the share due from the rent. The endowment, to ensure the construction of a comprehensive and reliable record for all financial and administrative operations. The criteria for the beholder provided the authority to provide the authority with this data upon its request, taking into account the level of risk for each beneficiary when determining the required score. Disclosure of beneficiaries’ data In the context of strengthening oversight, the standards obligated the vision to disclose the data of the beneficiaries of the financial institutions and the competent authorities when needed, with the need to inform those bodies in their official capacity as a vision when conducting any transactions in the name of the endowment. Years. At the same time, the endowments granted flexibility to implement additional controls that are commensurate with their nature and size, provided that the minimum regulatory requirements are committed. Enough for everyone to adapt to new requirements. - For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
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and obligated The new standards endowment counterparts with clear responsibilities, which are to obtain and preserve accurate and updated data on the beneficiaries. These data include a minimum full name, nationality, date of birth, communication information, and ID number, in addition to the details of the relationship with the endowment and the size of the share due from the rent. The endowment, to ensure the construction of a comprehensive and reliable record for all financial and administrative operations. The criteria for the beholder provided the authority to provide the authority with this data upon its request, taking into account the level of risk for each beneficiary when determining the required score.
Disclosure of beneficiaries’ data In the context of strengthening oversight, the standards obligated the vision to disclose the data of the beneficiaries of the financial institutions and the competent authorities when needed, with the need to inform those bodies in their official capacity as a vision when conducting any transactions in the name of the endowment. Years. At the same time, the endowments granted flexibility to implement additional controls that are commensurate with their nature and size, provided that the minimum regulatory requirements are committed. Enough for everyone to adapt to new requirements. - For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
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- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
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