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The obligation to identify the natural person(s) (beneficial owner(s)) in the background of a business relationship is a fundamental principle to combat money laundering.
The beneficial owner as defined in the Prevention of Money Laundering Act is the natural person
- ultimately owning and controlling the contractual partner
- at whose instance a transaction is ultimately conducted or a business relationship is ultimately reasoned.
Beneficial owners in companies are all natural persons holding more than 25 % of the capital interest in a company or controlling more than 25 % of the voting rights.
If available, Bürgel fully automatically displays the beneficial owner(s).
In addition to the communication data of the queried company, an indication of any existing significant negative criteria on the beneficial owner as well as the date of birth (if available) are indicated. This forms the contents of the GwG Report.
For our customers who do not require such in-depth information as provided within the Company Full Report GwG, this short report is the suitable report. For those who require further details on the queried company, a Company Full Report GwG can be ordered directly from the GwG Report. If retrieved or ordered on the same day, we only charge you for the more expensive product.
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Your advantages
- Short report product for the fulfilment of a core obligation in accordance with the Prevention of Money Laundering Act including all crucial information
- Quick and convenient research of the beneficial owner(s) by retrieval via NetConnect web or RCS interface
- Clearly structured research path with shares in %
- Indication if significant negative criteria on the beneficial owner is at hand
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