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What is a beneficial owner?
What is a beneficial owner?
Jessica avatar
Written by Jessica
Updated over a year ago

A beneficial owner is any individual (natural person) who satisfies one or more of the elements below:

  1. The individual has effective control of the client;

  2. The individual is a person on whose behalf a transaction is conducted;

  3. The individual owns more than 25% of the client or person on whose behalf a transaction is conducted (e.g. direct/indirect shareholders).

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