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This form must be completed by each UBO. I , declare that the above company is ultimately owned by me having a total amount of shares of and that the below information is true and accurate. I further declare that the funds are from a legitimate source.
The declaration of beneficial owners is a supplement to the companys articles of association, which can either be silent regarding the shareholding or only mention the holding companies. The declaration therefore provides accurate and up-to-date information.
A UBO or Ultimate Beneficial Owner is the person that is the ultimate beneficiary when an institution initiates a transaction.
Initial tracing and Identification of UBOs Note : The Registrar may also require the submission of their passport copy, proof of residential address, share certificates, MOA etc., and any other relevant documents in relation to the UBOs and possibly senior management and or nominee board members as well.
Companies must provide their identity and verification documents for UBO compliance, including the likes of proof of address, and stock certificates or deed certificates. Its really anything that can prove the true extent of ownership.
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People also ask

A UBO declaration is a legal document that gives you current, accurate, and reliable information about the true beneficial owners of a corporate company all within your own portal account or integrated API. The legally binding document is signed by a verified authorized person.
Who is the beneficial owner of a company? The ultimate beneficial owner (UBO) is the natural person who ultimately owns or manages a company. This person does not have to be known directly as the owner.
Ultimate Beneficial Owner (UBO) legislation has been put into place to give banks and corporates clarity on who theyre doing business with. There is an industry-wide expectation for banks and corporations to know the individuals they do business with.
Any institution within the scope of Anti-Money Laundering and Anti-Terrorist Financing regulations needs to disclose the UBOs identity for any of their business transactions.
It is a mandatory process for companies that are responsible for anti-money laundering and counter-terrorist financing laws. The companies check the counter companys directors by scanning the UBO in their business agreements.

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