Using Public Records to Identify Family and Business Connections in the Middle East
Family businesses are a fixture of Middle Eastern economies, accounting for over three-quarters of the private sector.
Follow these tips during your MENA investigation to ensure you have a complete picture of family ownership in the commercial network you are investigating.
Snippets From The Download:
What are Arabic naming conventions?
Naming structures are key to identifying familial relationships. Children take their father’s last name, whereas women keep their surname. For example, Saddam Hussein’s wife is named Sajida Telfah. Children often take their father’s given name as a first middle name, and their grandfather’s given name as a second middle name.
How does one identify family members in Middle East records?
Official voter registries in the Middle East provide insightful PII for analysts to disambiguate family members. Also, corporate records can provide enough information to identify family members. The Jordan Commercial Register lists shareholders of the company Yessar Sahloul and His Children — including Muataz Yessar Lutfi Sahloul. Based on the name of the company and the name of the shareholder, Muataz is likely Yessar’s son.
The Latest From Our Blog:
The AML Act (“the Act”) enacted in January 2021 includes several measures to help financial institutions (FI) not only better understand their risks but also better mitigate their risks. However, gaps remain that raise important questions for FIs. In particular, quite...
The Financial Action Task Force (FATF) in October 2020 adopted amendments expanding Recommendation 1 to include proliferation financing (PF) risk, in addition to money laundering and terrorist financing risks. Key PF typologies clearly demonstrate that certain open...
Tax Havens & Offshores: Public Registries & Network Analysis Can Mitigate Jurisdictional Challenges to KYC & Investigations
While the lack of corporate transparency in offshore jurisdictions poses a significant due diligence challenge, not all offshores are as opaque as they seem. Easily accessible public registries from offshore jurisdictions combined with creative analytical techniques...
About The Company:
Sayari provides data intelligence platforms to power the fight against financial crime, increase corporate transparency in high-risk places, and support critical national security mission sets. The top global financial institutions, Fortune 100 corporations, financial crime regulators, and enforcement agencies in 35 countries trust Sayari every day.