UBO registers are intended to reveal the natural persons who have ultimate control over an entity, whether that control is direct or indirect. Effectively implementing a UBO register, therefore, enables a more efficient and reliable Know Your Customer (KYC) process for regulated firms serving institutional clients.
Unfortunately, the reality is that there is huge variability in the completeness of that data across registries, both in terms of the types of data that are available and whether that is available for all companies.
Watch our webinar replay and learn:
Graham Barrow, Director, The Dark Money Files
Sam Bourton, Lecturer of Law, UWE