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:
Appears in 7 contracts
Samples: Connection Agreement, Connection Agreement, Connection Agreement
