Identifying the ultimate beneficial owner (UBO) is key to ensuring transparency in corporate structures. The UBO refers to the individual or individuals who ultimately own or control a company, whether directly or indirectly, through significant shareholding, voting power, or other means of influence. Identifying the UBO of a company can be complex, especially where ownership is dispersed across numerous shareholders or held through multiple layers of intermediaries.

Get insights on the February 2025 update to the FATF Recommendations and how these changes will improve financial inclusion across the Caribbean.