Jul 25, 2024 · UBO data remains a big challenge One of the key criticisms of a fragmented approach to UBO discovery and AML is the lack of harmonized know your business (KYB) …

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 …

Dive into the concept of UBO (Ultimate Beneficial Owner), its role in transparency, risk management, and legal compliance. Learn to identify UBOs. ... AI, and machine learning, …

Nexis Diligence+™ is a screening solution that contains UBO data on millions of companies around the world. There is also additional data on blacklists, politically exposed people (PEP), …

Mar 14, 2025 · Ultimate Beneficial Ownership (UBO) data helps create a comprehensive database managed by the Financial Crimes Enforcement Network (FinCEN) to combat fraud, …

Dec 3, 2024 · Lack of UBO data transparency can also promote other financial crimes. Money laundering, tax evasion, and terrorist financing are easy for individuals who hide behind …

Compliance teams can access original documents and data on more than +328 million companies to better inform UBO compliance processes with data straight from the source. GET IN …

Dec 29, 2023 · Review UBO data. List all UBOs linked to the company, determine their total percentage of shares, and check if they hold indirect control over the company to confirm if …

Jan 15, 2025 · How to Verify UBO Data. Once identified, it’s crucial to verify the AML beneficial owner information. Here’s how: Cross-Check Multiple Sources: Validate information against …

In compliance-speak, you should know the Ultimate Beneficial Ownership (UBO) of all entities you work with as customers, suppliers, or third-parties, including the direct and indirect ... D&B …