MLchartDataset catalogue

UBO

Term · Law · MLC-T-LAW-005019

An abbreviation for Ultimate Beneficial Owner, referring to the natural person or persons who ultimately own or control a legal entity, such as a company or trust. This individual enjoys the benefits of ownership, even if the entity is held in another name. Anti-money laundering (AML) regulations require financial institutions to identify and verify the UBO of their clients.

Table 1. Record
IdentifierMLC-T-LAW-005019
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005019",
  "term": "UBO",
  "field": "Law",
  "definition": "An abbreviation for Ultimate Beneficial Owner, referring to the natural person or persons who ultimately own or control a legal entity, such as a company or trust. This individual enjoys the benefits of ownership, even if the entity is held in another name. Anti-money laundering (AML) regulations require financial institutions to identify and verify the UBO of their clients.",
  "url": "https://mlchart.com/terminology/law/ubo/"
}

Record 5,130 of 5,441 in Law terminology (MLC-0107). Request the full dataset.