Record, screen and monitor UBOs
The law requires you to establish yourself who ultimately owns or controls a client, the register is only an aid. Cloudpliant makes that duty workable.
The complete UBO workflow
- Record UBOs per organisation with the nature and size of their interest.
- Every UBO is screened immediately for sanctions, PEP status and insolvency, and stays monitored.
- Verify against the certified UBO extract your client supplies (€3.10 via Mijn KVK).
- Discrepancy with the register? Cloudpliant records it and reminds you of the reporting duty (art. 10c Wwft).
Impact on client risk
A sanctioned UBO makes the client 'unacceptable'; a PEP UBO raises the classification to 'high' (art. 8 Wwft). Your organisation-level risk picture always reflects who is behind the company.
Frequently asked questions
- Isn't the UBO register closed?
- Only to the public. Wwft institutions are regaining direct access via KVK in phases, and the certified extract via the client works today. More importantly: the law demands your own determination, exactly what Cloudpliant records.
- What if there is no real UBO?
- Then you record senior management as pseudo-UBO, a standard option in Cloudpliant.
Get started with Cloudpliant today
It's time to take control of your compliance. Cloudpliant provides one streamlined way to meet your WWFT, AML and KYC obligations, without the hassle.
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