October 2, 2025Deleted JournalOpen Access

Risk, Responsibility, and Regulation: A Socio-Legal Analysis of Notarial Accountability in Identifying Beneficial Ownership

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Notaries have a crucial role in identifying beneficial ownership to prevent money laundering and terrorism financing, suggesting they are vital gatekeepers.
Legal liability is complex; the Dear Declaration Letter's probative value is contingent upon the veracity of client declarations, as highlighted by regulatory scrutiny.
A normative juridical approach and comparative legal method were utilized to analyze notarial responsibilities and legal protections offered by the Beneficial Ownership Declaration Letter.
Calls for regulatory reform emphasize the need for a balance between notarial authority and legal responsibilities to mitigate risks while ensuring accountability.

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This study reveals notaries' pivotal role in identifying beneficial ownership in corporations, highlighting legal responsibilities and implications.

Aljula et al. (2025) studied this question.

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This study reveals notaries' pivotal role in identifying beneficial ownership in corporations, highlighting legal responsibilities and implications.