What is an UBO?

UBO is a frequently-used definition in the financial world and stands for 'Ultimate Beneficial Owner'. Freely translated, this means the person or people who are the final beneficiaries of profits/capital inside an organization.

Institutions that fall under the Law for prevention of money laundering and terrorism finacing (Wwft), like our own, are required to verify the UBO of a business relation.

In case the UBO(‘s) cannot be adequately defined based on the CoC information, you wlil be asked to fill in a so-called UBO declaration. You can view this form here.