The goal of money laundering is to conceal the origins of money earned through illegal activities, making it appear legitimate. A critical part of this process involves disguising both the source of the funds and the identity of the individuals behind it. Legal arrangements, particularly in countries with strict secrecy laws or weak AML regulations, are often used to achieve this. Each and every activity of the legal arrangement benefits one or more natural person and hence the concept is known as Beneficial Owner.
