Verification of a company as a director or shareholder requires comprehensive identification of all relevant individuals and entities involved in the ownership and management structure:
- Full names of the board of directors (or, if there is no board, the members of the equivalent management body) and senior persons responsible for the operations of the legal entity
- Identification and verification of Ultimate Beneficial Owners (UBOs) who own more than 25% of the company
- If the owner is a corporate entity (company), trust, or foundation, it is necessary to disclose information about the company until the Ultimate Beneficial Owner is identified and verified, to have a full understanding of the ownership structure of the Enterprise client