UBO Instant Report

Under the Anti-Money Laundering Act, all banks and financial institutions globally are required to implement COMPLIANCE by way of performing checks on bank account owners which are in the name of domestic and / or international corporations.
i.e. Identify beneficial owners of legal entity customers.

The UBO Due Diligence requires identification of ANY corporate shareholding equal to or greater than 25%.

Due to extensive involvement of GlobalCIS® in conducting UBO Due Diligence reports, as well as cross-border ownership searches over 30 years, Users are able to conduct Instant UBO Searches.

However, it should be remembered there exists limitations in performing instant UBO searches and should Users find that an Instant UBO search is insufficient for their needs, then it is recommended they use the services offered by the manually researched UBO Due Diligence Report.

A UBO Due Diligence Report will identify the corporate structures of ownership, and will in most scenarios identify the individuals who control and own the various businesses. Results can vary, depending on the statutory public disclosure laws.

Key sections of a UBO report include:

• Summary of Beneficial Ownership
• Summary of Organizations
• Summary of Shareholders (Corporate)
• Summary of Shareholders (Individual)
• Summary of Locations

EVERY UBO report is accompanied with a detailed diagram regarding breakdown of ownership.