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 ...

Mar 14, 2025 · Ultimate Beneficial Ownership (UBO) data helps create a comprehensive database managed by the Financial Crimes Enforcement Network (FinCEN) to combat fraud, money laundering, and other financial crimes. LLCs must file a beneficial ownership information (BOI) report unless they qualify for an exemption.

The United States now requires corporate transparency through UBO reporting. Check out this guide from Athennian on ultimate beneficial ownership regulations.

Oct 24, 2024 · The Ultimate Beneficial Owner (UBO) refers to the individual who ultimately owns, controls, or benefits from a legal entity, either directly or indirectly. The UBO is generally the person who holds the ultimate authority over a company’s decisions, finances, or assets.

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.

Mar 20, 2025 · Understanding UBOs – What Is It Exactly and Why is it Important? An Ultimate Beneficial Owner is the natural person who ultimately owns or controls a legal entity, even if their name doesn’t appear directly on ownership documents.

Ultimate Beneficial Ownership refers to the identification of the natural person (s) – individual people – who ultimately owns or controls a legal entity or arrangement.

Oct 21, 2024 · What is an Ultimate Beneficial Owner (UBO)? Importance of Identifying UBOs; Challenges in Identifying UBOs; Industries and UBO Requirements; UBO Identification Processes; Ensuring Transparency and Compliance

Aug 2, 2024 · What is a beneficial owner? A Beneficial Owner (BO) is the term used to describe an individual who benefits from a company’s gain. In other words, this individual has a vested interest in an organization and is positively impacted by its successes.

Jun 27, 2022 · An ultimate beneficial owner (UBO) is a person who directly or indirectly owns, controls or benefits from a business. If companies are known to have "branches", you could say that the ultimate beneficial owners are something like the roots.