No matter how complicated an ownership structure is, if an asset is owned within a SPV, or series of companies or a Trust, there will always be an ultimate owner who stands to benefit from the income and / or Capital Value of that asset. This is the person or persons, that will be required to comply with the appropriate AML, KYC & SoW. If it’s required, they will also be the people asked to provide the PG or CG for the Loan.
