Ultimate Beneficial Owner (UBO)

Final
A term used primarily in anti-money laundering work, but a very important concept from a third party risk due diligence standpoint. It’s determining who the owners of a company are is incredibly important, so that an OFAC check can be done and no surprises from a foreign investment or reputation risk standpoint.
Created By: Venminder Inc 08-27-2019
Last Updated By: Venminder Inc 08-27-2019
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