UBO
Ultimate Beneficial OwnerCompliance
The natural person(s) who ultimately own or control a legal entity, typically defined as anyone holding 25% or more of equity or voting rights (the threshold varies by jurisdiction). UBO disclosure is required at KYB and is one of the most common reasons applications stall, most acquirers require notarised UBO declarations.
In practice.
UBO identification is mandatory in every underwriting file: acquirers must trace ownership through holding structures to the natural persons at the top. Complex or opaque structures are a leading cause of onboarding delay. A current ownership chart with supporting registry documents answers the question before it is asked.