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Recital 113

Financial crimeLevel 1RegulationAMLRIn forceOfficial source

The specific nature of certain legal entities, such as associations, trade unions, political parties or churches, does not result in a meaningful identification of beneficial owners based on ownership interests or membership. In those cases, however, it can be the case that the senior managing officials exercise control over the legal entity by other means. In those cases, such officials should be reported as the beneficial owners.