Hi Admin,
All AML Regulations require financial institutions to have knowledge of the Directors, Shareholders and Beneficial Owners. This is the hallmark of the FATF regulations upon which all global anti money laundering legislation complies with. The examples that you listed are all publicly listed companies. Exemptions are given on publicly listed companies since shareholder
KYC must be held by the exchange or a licensed intermediary and there would be some recourse in the event of an investigation to determine the identity of the owner of a share at any given time.
Secondly, any third party can operate a
bank account on behalf of an entity given the correct approval. In this case, a director's resolution,
power of attorney or letters of administration can authorize a non-officer of a company to operate an entity's bank account.
Lastly, the purpose of the management agreement is not to prevent fraud, malfeasance or misappropriation. It allows for recourse from the beneficial owner, which is all you can ask for really! Alternatively, you can ask the nominee director to issue an undated, signed resolution and resignation letter removing them from office. However, the risk will be that you effectively back date a document which is mostly unethical if not illegal. Risk is a part of business and many times, your going to find that solutions don't do exactly what you want. Sometimes you have to go with the 80/20 rule.
