DECLARATION OF ULTIMATE BENEFICIAL OWNERSHIP UBO 2025

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The difference between the beneficial owner and the ultimate beneficial owner is that there is only one of the latter. The UBO is the one beneficial owner who benefits more than the others. In the case of being represented by a trust, a guardian, or another company, the UBO is the person whom the trust represents.
The Ultimate Beneficial Owner refers to the person or entity that is the ultimate beneficiary when an institution initiates a transaction. The beneficial owner is the natural person who, ultimately, is the person on whose behalf a transaction is conducted.
Mandatory Information for UBO Registration Full legal name. Date of birth. Nationality. Residential address. Nature and extent of beneficial interest.
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.
Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company. [Issued March 24, 2023]
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While jurisdictions may interpret the specifics of this definition differently, it is commonly agreed that an ultimate beneficial owner or UBO owns more than 25% of a companys shares, or controls more than 25% of the voting rights.
Overview: UBO Declaration official statement of a company/legal entity confirming the identity of the ultimate beneficiary owner of a company/legal entity, its residential address, and the percentage interest the ultimate beneficiary owner has in the company/legal entity.
An Ultimate Beneficial Owner (UBO) is the individual who ultimately benefits from a company or asset, or has ultimate effective control over it.

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