Beneficial Owners
Easily capture the details of the beneficial owners, officers, or managers (BOOMs) who are approved by the relevant supervisory authority or via a third-party criminality check.
A beneficial owner is...
- a sole practitioner
- a partner or LLP member who holds (directly or indirectly) 25% or more capital, profits, or voting rights, or who exercises ultimate control
- a shareholder in a limited company who holds 25% or more of the shares or voting rights, or who exercises ultimate control
An officer is...
- a sole practitioner
- a partner in a partnership (including a Scottish Limited Partnership (SLP))
- a member in a limited liability partnership (LLP)
- a director or company secretary in a limited company
- a member of the firm’s management board or equivalent
A manager is...
- the nominated officer (MLRO)
- the member of the board of directors or equivalent management body
- any other principal, senior manager, or member of a management committee responsible for setting, approving or ensuring the firm’s compliance with the firm’s AML policies and procedures
You can: