There has been an increasing regulatory focus globally on the urgent need for improved access and transparency of company information, including UBO data.
UBO registers are intended to reveal the natural persons who have ultimate control over an entity, whether that control is direct or indirect. The implementation of UBO registers in all EU member states and beyond is a significant step towards disrupting money laundering and financial crime which depend on the ability to disguise and hide funds behind complex corporate structures. However, jurisdictions vary greatly in the ease with which they are willing to disclose UBO information. Even where data exists, each registry classifies and stores data differently.
Join our webinar on 24th March and learn:
- What are the regulatory requirements when it comes to UBOs?
- What are the main challenges associated with UBO registries and how technology can help finding the required information?
- How having improved access and transparency of company information, especially UBO data, can enhance KYC processes?