Why is the legal entity’s own ownership structure not sufficient to assess the reporting obligation?
Antwort
While the number of levels in the chain of control and the existence of a trust or fiduciary arrangement are apparent from the legal entity’s own structure, the existence of a freezing measure is an external circumstance that can only be established through a sanctions check.
Weitere relevante Fragen
Is the Communication Generator free to use?
Yes. The Communication Generator is free to use.
Does every shareholder or member qualify as a beneficial owner?
No. The fact that a company requests information from a shareholder or member does not automatically mean that this person is a beneficial owner. Indirect structures, acting in concert and other means of control may also be relevant.
Does the Communication Generator identify the beneficial owners?
No. The generator supports communication and information gathering. The actual assessment of who qualifies as a beneficial owner and who must be reported to the transparency register takes place afterwards. Konsento’s Transparency Register Reporting Assistant can be used for this assessment.