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Beneficial Ownership Brain Out Quizz

Total questions: 6

Worksheet time: 3mins

Name
Class
Date
1.

Why is beneficial ownership important?

a)

Beneficial ownership is not important

b)

Beneficial ownership is important because it helps to identify the true owners of entity and ensures transparency, accountability, and compliance with regulations

c)

It is important to keep the true owners of assets hidden

d)

Transparency and compliance with regulations are not necessary

2.

Which of the following is NOT a common method used to hide beneficial ownership

a)

Using nominee shareholders

b)

Establishing offshore companies

c)

Transferring shares to family members

d)

Publicly disclosing ownership details

3.

Based on the cascading steps identifying the beneficial ownership is primarily determined based on

a)

The ethnicity of the individual

b)

The nationality of the individual

c)

The percentage of shares held by the individual

d)

The level of education of the individual

4.

True or False: The beneficial ownership of an entity can be a legal entity instead of an individual.

a)

True

b)

Not sure it is True

c)

Not Sure

d)

False

5.

Please identify the Beneficial Owner of Company A

a)

Ahmad

b)

Halimah

c)

Sulaiman Dan Kadir

d)

Suraya

6.
a)

Mr Allan

b)

Sega Sdn Bhd

c)

Mr Robbert

d)

Mr Robbert and Mr Allan