
Introduction
Understanding who the ultimate beneficial owners are is crucial for businesses, especially in compliance with regulations like Know Your Business (KYB) and Know Your Customer (KYC). Financial institutions such as banks, investment firms, and insurance companies are obligated by regulators to identify and verify these owners to prevent illicit activities such as money laundering and terrorist financing.
When ultimate beneficial owners are not disclosed, it creates loopholes for individuals to exploit companies for unlawful activities. By prioritizing the identification of ultimate beneficial owners, countries and businesses can better combat financial crimes.
Utilizing tools like the UBO API enables financial institutions to efficiently identify and screen ultimate beneficial owners against sanction lists, watch lists, or politically exposed person (PEP) lists, helping them comply with regulatory requirements and mitigate risks associated with illicit activities.
Benefits of Verifying with our API
Plug and Play
The Ultimate Beneficial Owner API is straightforward and integration is effortless, We provide a simple and user-friendly interface.
Prevent Fraud
The UBO API prevents fraud by identifying and verifying company owners, reducing the risk of illegal activities like money laundering.
Accurate and Reliable
The UBO API ensures accuracy and reliability through real-time data retrieval and verification processes.
case-study
How SurePass helped in verifying customers for a used two wheeler seller of India

What is the Ultimate Beneficial Owner (UBO) API?
How does the UBO API work?
Why is UBO identification important?
How accurate and reliable is the UBO API?
What types of information can I retrieve using the UBO API?
Is the UBO API compliant with regulatory requirements?
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