1
KYB for Multi-Jurisdictional Entities: Navigating UBO Across Complex Structures
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?
2 comments · 1 points
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.