Should every director, shareholder, nominee and company names be screened?

Yes, TFS screening should be conducted on existing, potential or new customers, as part of the customer due diligence process and on-going due diligence.

For customers which are legal persons, screening should be conducted on the name of the customer, i.e. companies, bodies corporate, foundations, partnerships, or associations and other similar entities. Screening should also be conducted on the beneficial owners, directors, shareholders, authorised signatories, senior management, nominee shareholders.