UBO statement Sample Clauses

UBO statement. § 3.1 Ultimate Beneficial Owner All financial institutions in Europe are required by law to check and verify the identity of the ultimate beneficial owner(s). This obligation is laid out in the Anti-Money Laundering and Anti-Terrorist Financing Act. The ultimate beneficial owner is the natural person in whose name business is being conducted. A beneficial owner is officially referred to as a beneficiary or UBO. UBO stands for Ultimate Beneficial Owner. There is a beneficial owner if a natural person: • has a stake of more than 25% of the shares or assets of your business; or can exercise more than 25% of the voting rights in your Company; or • can exercise effective control in your business; or • is the beneficiary of 25% or more of the assets of a trust; or • has special control over 25% or more of the assets of your business (as has been determined in, for example, the company’s statute). If your business is a partnership (for example, a general partnership, CV or partnership), the ultimate beneficial owners are the natural persons who: • upon dissolution are entitled to a share of more than 25%; or • are entitled to a share in profits of more than 25%; or • have more than 25% of the votes in decision-making (on fundamental issues regarding the partnership) when a decision requires a majority vote; or • can exercise effective control over the partnership. Fill in the details of the ultimate beneficial owner(s) below. In certain instances we may be legally required to request further information about your business. Changes to the data of the ultimate beneficial owner(s) must be reported to V2Future within 7 working days. Name: Date of birth: Address: Postal code: Place of residence: Country: Name: Date of birth: Address: Postal code: Place of residence: Or: There is no UBO at your organization Country:
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UBO statement. § 3.1 The Ultimates Beneficial Owner(s) All financial institutions in Europe are required by law to check and verify the identity of the ultimate beneficial owner(s). This obligation is laid out in the Anti-Money Laundering and Anti-Terrorist Financing Act. The ultimate beneficial owner is the natural person in whose name business is being conducted. A beneficial owner is officially referred to as a beneficiary or UBO. UBO stands for Ultimate Beneficial Owner. There is a beneficial owner if a natural person: • has a stake of more than 25% of the shares or assets of your business; or can exercise more than 25% of the voting rights inyour Company; or • can exercise effective control in your business; or • is the beneficiary of 25% or more of the assets of a trust; or • has special control over 25% or more of the assets of your business (as has been determined in, for example, the company’s statute). If your business is a partnership (for example, a general partnership, CV or partnership), the ultimate beneficial owners are thenatural persons who: • upon dissolution are entitled to a share of more than 25%; or • are entitled to a share in profits of more than 25%; or • have more than 25% of the votes in decision-making (on fundamental issues regarding the partnership) when a decisionrequires a majority vote; or • can exercise effective control over the partnership. Fill in the details of the ultimate beneficial owner(s) xxxxx.Xx certain instances we may be legally required to request further information about your business. Changes to the data of theultimate beneficial owner(s) must be reported to V2Future within 7 working days. Name: Date of birth: Address: Postal code: Place of residence: Country: Or: There is no UBO at your organizaton Name: Date of birth: Address: Postal code: Place of residence: Country:
Sample 1
UBO statement. All financial institutions in Europe are required by law to check and verify the identity of the ultimate beneficial owner (s). This obligation is laid down in the Act on Prevention of Money Laundering and Financing of Terrorism (Wwft). The ultimate beneficial owner is the natural person in whose name is acted. A beneficial owner is also referred to by many financial institutions as beneficial or UBO. UBO stands for Ultimate Beneficial Owner. There is a beneficial owner if a natural person: • has a stake of more than 25% of the shares or assets of your business; or can exercise more than 25% of the voting rights in your Company; • can exercise effective control in your business (this refers to a person who in practice have all to say); whether • beneficiary of 25% or more of the assets of a trust; whether • special control over 25% or more of the assets of your business (this means that the person is by law in particular control as enshrined for example in the statutes). If your business is a partnership (for example, a general partnership, CV or partnership) is the ultimate beneficial natural person who: • upon dissolution entitled to a share in the community of more than 25%; whether • entitled to a share in profits of more than 25%; whether • in decision-making (on fundamental issues regarding the partnership) more than 25% of the votes can exert as in decision requires a majority vote; whether • can exercise effective control over the partnership (this refers to a person who in practice have to say). Fill in the details of the ultimate beneficial owner (s) below. For certain operations we from our legal obligation, request your business further information. Changes to the data of the ultimate beneficial owner (s) must be reported to Sepay within 7 working days. Name Date of birth Address Zipcode Place of residence Country Name Date of birth Address Zipcode Place of residence Country Name Date of birth Address Zipcode Place of residence Country There is no UBO at your organization
Sample 1

Related to UBO statement

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