Glossary

UBO (Ultimate Beneficial Owner)

The natural person(s) who ultimately own or control a legal entity.

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Definition

Beneficial ownership requirements typically apply when onboarding businesses and other legal entities. UBO checks may include collecting ownership percentages, verifying identity for controlling persons, and screening UBOs against sanctions and PEP lists.

Also known as

  • Ultimate Beneficial Owner
  • Beneficial Owner

Related terms

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