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  1. www.swift.com › ultimate-beneficial-owner-uboWhat is an Ultimate Beneficial Owner (UBO)? - Swift

    A UBO or Ultimate Beneficial Owner is the person that is the ultimate beneficiary when an institution initiates a transaction. The definition of who constitutes a UBO varies between jurisdiction, but generally a UBO is defined as an individual who holds a minimum of 10-25% (dependent on jurisdiction) of capital or voting rights in the ...

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  2. risk.lexisnexis.co.uk › corporations-and-nonUltimate Beneficial Ownership (UBO) Guide - LexisNexis

    A UBO – or Ultimate Beneficial Owner – has come to be defined as the natural person or persons who directly or indirectly owns or controls the corporate entity and benefits from its activities. AML compliance should focus on those shareholders whose control is significant and who ultimately can influence and benefit from the activities of the enterprise.

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  4. www.lexisnexis.com › en-int › glossaryWhat is Ultimate Beneficial Ownership (UBO)? - LexisNexis

    What is Ultimate Beneficial Ownership (UBO)? When it comes to Ultimate Beneficial Ownership (UBO), the most common UBO meaning refers to the natural person who is ultimately responsible for, owns or controls a ‘customer’. In most cases, this ‘customer’ is an institution, business or legal entity: of which the UBO has 100% direct ownership.

  5. www.experian.co.uk › blogs › latest-thinkingUltimate Beneficial Owner Guide | What is a UBO vs PSC?

    Persons of Significant Control (PSC) and Ultimate Beneficial Owners are often the same person but on occasion, they can be different. A PSC holds the right to significant control over a company and the appointment of directors. A PSC is defined at the individual who: owns more than 25% of the company’s shares.

    • Toby Sewell

  6. www.moodys.com › web › enMoody's: What is ultimate beneficial ownership or a UBO?

    Jul 25, 2024 · FATF defines a UBO as “the natural person (s) who ultimately owns or controls a customer and/or the natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement.”. The Financial Action Task Force (FATF) is a global watchdog for ...

  7. www.lexisnexis.com › en-us › professionalUltimate Beneficial Ownership: What You Need to Know - LexisNexis

    The most common Ultimate Beneficial Ownership (UBO) meaning refers to the natural person who is ultimately responsible for, owns, or controls a ‘customer’. In most cases, this ‘customer’ is an institution, business, or legal entity: of which the UBO has 100% direct ownership. They are the Ultimate Beneficial Owner or ultimate interested ...

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  9. reg.uk.com › news › ultimate-beneficial-owner-uboUltimate Beneficial Owner (UBO) – What You Need To Do Now

    Nov 2, 2021 · The Ultimate Beneficial Owner (UBO) is the person that is the ultimate beneficiary when an institution initiates a transaction. Depending on jurisdiction the definition generally states that the UBO holds a minimum of 10-25% capital or voting rights. In the UK, one of the biggest challenges facing insurance firms is to obtain UBO information as ...

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