Ethics Exchange Podcast Series | Episode 5: UBO Uncovered: Navigating Transparency , Regulation and Risk in Global Business

The Guide emphasizes the role of UBO data in identifying Politically Exposed Persons and State-Owned Enterprises, necessitating enhanced due diligence. It discusses the challenges of manual UBO verification, including errors and complex ownership structures, advocating automation for efficiency and compliance. The absence of a uniform global UBO register poses challenges, as requirements vary by jurisdiction.

The guide also highlights evolving EU standards, aligning with U.S. practices, and the need for adaptable solutions. In a business landscape with expanding third-party engagements, scalable UBO data solutions are essential for efficient onboarding and regulatory compliance.