Back to What is an Ultimate Beneficial Owner (UBO)? A Comprehensive AML/KYC Guide
Can a corporation or a trust be an Ultimate Beneficial Owner (UBO)?
AML Learnings · Article FAQ
Detailed Explanation
No. A UBO must always be a living human being (a natural person). If a corporate registry lists another company, an LLC, or an offshore trust as the owner, the compliance analyst must trace through those intermediary layers until the individual who owns or controls the structure is identified.
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Disclaimer: This material is for educational purposes only. Every financial situation is unique. Consult with a certified professional before making significant decisions.