A UBO does not stop at the country border

Identifying the ultimate stakeholder – or Ultimate Beneficial Owner (UBO) – might be the biggest challenge in your KYC process. Especially in a time where companies are setting up the structure of their organisation in such a way that they will have the most financial benefit from it. For example, to create a favourable tax climate. The fact that this results in a large cross-border spider web is more often the rule than the exception. But how do you gain insight into the entire family tree of an organisation without slowing down your KYC process?