KYB for Multi-Jurisdictional Entities: Navigating UBO Across Complex Structures

asked by u/felixnilsson · 6d · 2 answers

We've been seeing an uptick in onboarding requests from entities with incredibly complex ownership structures, often spanning several jurisdictions. The challenge isn't just identifying the ultimate beneficial owners (UBOs) but validating them against multiple regulatory frameworks without creating undue friction in the onboarding process. Has anyone found a particularly effective tech solution or a best practice for streamlining KYB in these scenarios, especially when dealing with nested trusts or corporate shells in less transparent jurisdictions?

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  • u/santos_farid· 1 pts· 6d

    This is a significant challenge, especially with the evolving regulatory landscape. We've found some success with platforms that integrate with global corporate registries and offer entity resolution, but the manual review component for the truly complex structures still feels unavoidable to ensure full compliance.

  • u/fernandez_lucas· 1 pts· 6d

    We ran into similar issues. Forget a single tech solution; you'll likely need a combination of a robust data aggregation platform and a dedicated legal/compliance team that understands the nuances of each jurisdiction. Trying to automate everything upfront leads to more problems than it solves.

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