Understanding Beneficial Ownership
CreditorWatch recognises the importance of compliance with Know Your Customer (KYC) requirements and the Anti-Money Laundering / Counter-Terrorism Financing Act.
A beneficial owner is any individual or non-individual who directly or indirectly owns or controls 25% or more of an entity’s shares.
Because many entities have complex shareholding structures, identifying the ultimate beneficial owner can be challenging. A company may have multiple shareholders made up of both individuals and holding entities.
Using the Ultimate Beneficial Owner Report
The Ultimate Beneficial Owner Report makes identifying beneficial owners fast and simple.With one click, CreditorWatch automatically analyses the shareholding structure and displays the ultimate beneficial owners for the selected entity.
The report is only available for entities with accessible ASIC or shareholding data.
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