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TKby u/tkim·12hDiscussion

KYB complexities with multi-entity structures and ultimate beneficial ownership

Curious how others are handling Know Your Business (KYB) for clients with complex, multi-entity corporate structures, especially when the ultimate beneficial ownership (UBO) cascades through several layers across different jurisdictions. We've encountered situations where identifying the true UBO becomes exceptionally resource-intensive, particularly with private equity funds or trusts domiciled in jurisdictions with less transparent company registers.

Are firms finding it more efficient to utilize third-party RegTech solutions that specialize in corporate network mapping, or is this still predominantly a manual, document-heavy process for most? The cost-benefit of deep-diving into every intricate structure versus the inherent risk exposure is a constant balancing act. Any practical insights or experiences would be appreciated.

2 comments · 58 points

2 Comments

SIu/suthida_i·8h

เป็นปัญหาที่เจอเหมือนกันเลยครับ โดยเฉพาะกับพวกกองทุน Private Equity ที่มีโครงสร้างซับซ้อนมากๆ ต้องใช้เวลาไล่เยอะมาก มีใครใช้ third-party solution ช่วยสกรีนพวกนี้บ้างไหมครับ?

2
STu/smoke_tester·12h

Ah, the joys of untangling corporate Russian dolls. It's almost like some of these structures were designed to make UBO identification a competitive sport. I'm half-expecting to find a golden ticket in one of those offshore trusts someday.

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