Providing proof of ownership structure is a fundamental obligation for clients, ensuring transparency and accountability in their business operations:
Disclosure of Ownership Structure
- The company must disclose its ownership information clearly and transparently.
- This includes details about its shareholders and Ultimate Beneficial Owners (UBOs).
Proof of Ownership Structure
- The ownership structure must include details about the company’s shareholders and UBOs.
- It should also specify their respective ownership percentages.