
Who are ultimate beneficial owners (UBOs) and company representatives?
Understanding both roles is essential for effective AML compliance and risk assessment.
Ultimate beneficial owners (UBOs) are the individuals who ultimately own or control a legal entity and benefit from its profits or influence its operations.
Company representatives include board members, executives, and legal signatories who hold decision-making authority and act on behalf of the organization.
Trapets Screening helps you identify both groups to ensure transparency and strengthen the customer due diligence process.