Our UBO Database: Beyond the UBO

In our UBO Database, you will find owners, shareholders, and pseudo-UBOs from 0.01% ownership from millions of companies worldwide. We link these individuals to companies and business entities within complex legal business structures: this creates a deep and comprehensive picture of ownership. We call this Beyond the UBO, and it helps companies to become truly risk-aware.

UBO Structures

Beyond the UBO

Introduction

UBOs at Altares

Identifying UBOs worldwide

Owners

Shareholders

Pseudo-UBO’s

Our UBO database

What is a UBO at Altares?

Worldwide, we identify companies with our unique D-U-N-S-number. These companies are connected top -> bottom, creating a corporate structure. To this we connect individuals and companies that have an ownership in these companies. We identify owners, shareholders and pseudo-UBOs from 0.01% ownership and you determine the UBO based on your own guidelines.

Example of a UBO at Altares

This example shows how difficult it can be to get all the beneficiaries in the picture. Often a UBO is seen as a beneficiary with >25% shareholding. In that case, there would be three UBOs (B. Jansen, C. Jansen and P. Pieters), while there is a fourth beneficiary (A. Jansen). Many companies would determine that there are three UBOs, but so in total there are four beneficiaries that could pose a risk.

Bedrijfsstructuur met UBO's
Beneficial
Owner Type
Beneficial
Owner Name
Degree of
Seperation
Direct
Ownership
%
Indirect
Ownership
%
Beneficial
Ownership
%
Business records
Jansen Eigendom BV
1
50
Business records
Pieters Invest BV
1
50
Individuals
P. Pieters
2
50
50
Business records
Jansen Invest BV
2
50
Individuals
A. Jansen
3
0.01
0.01
Individuals
B. Jansen
3
25
25
Individuals
C. Jansen
3
25
25
Bedrijfsstructuur met UBO's

our ubo database

What makes Altares' UBO Database unique?

UBOs worldwide

Establishing UBOs worldwide

Because an organization often consists of different layers, subsidiaries, and parent companies, it is complex to find out who is actually the stakeholder(s) of the company, especially if entities are located in different countries. In order to determine the UBO, you need a database that can establish links between individuals and companies worldwide. Altares' UBO Database has global coverage. 

UBOs worldwide

Relational and visual database

To make such a web of companies understandable, we visualize the connections. They are clearly outlined and at the same time you can see to what extent someone owns a certain company. With our compliance platform indueD you can map and visualize direct and indirect shareholder interest percentages with the push of a button. You can also easily filter to determine the shareholders and UBOs relevant to you.

Beyond the UBO

Just a tick-in-the-box or fully risk aware?

More and more companies have the goal of doing business consciously. They don't want to risk reputational damage and only want to do business with companies that align with their ethical values and regulations. For these companies, a UBO is more than a tick-in-the-box.

Het verschil tussen onze UBO Database en lokale UBO registers, is dat lokale registers alleen UBO’s vastleggen – geen aandeelhouders en bestuurders. Daarbij verschillen de voorwaarden van de UBO registers per land, zoals in Nederland waar een UBO een minimaal belang van 25% moet hebben. Dit maakt lokale UBO registers lastig bruikbaar voor internationale KYC-screening.

Bedrijven die zich bewust van hun risico’s willen zijn, moeten het complete plaatje weten: de complete en wereldwijde bedrijfsstructuur met daarin de aandeelhouders, bestuurders en eigenaren vanaf 0,01% eigenaarschap.

The complete compliance picture

With our UBO Database, you can determine UBOs worldwide from 0.01% ownership and be truly risk aware.

More and more companies have the goal of doing business consciously. They don't want to risk reputational damage and only want to do business with companies that align with their ethical values and regulations. For these companies, a UBO is more than a tick-in-the-box.

The difference between our UBO Database and local UBO registries, is that local registries only record UBOs - not shareholders and pseudo-UBOs. Also, the conditions of UBO registries differ by country, in the Netherlands for example, where a UBO needs to have at least 25% stake. This makes local UBO registries difficult to use for international due diligence management.

Companies that want to be aware of their risks need to know the complete picture: the complete and global corporate structure that includes the owners, shareholders and pseudo-UBOs from 0.01% ownership.

How it works

Getting the right information

Our UBO Database answers the most important questions in the due diligence process.

Are they?

Where is?

What is?

Who are?

Compliance & Growth

Thoroughly screen your relationships, but in a customer-friendly way

Do you want to protect your organization optimally, but at the same time contribute to growth? You can use our UBO Database 'under water' during your due diligence process. When a new client applies, for example through your website, we screen this company unnoticed while you welcome your new client with open arms. You can automate the outcome of the screening in your own systems and applications, such as whether or not to accept the client.

Speed up your due diligence process

You can automate the outcome of the screening into your own systems and applications, speeding up your due diligence process by up to 80%.

UBO Database

More information

We are happy to introduce you to our UBO Database and the possibilities for your organization.

UBO Structures

Direct vs. indirect
shareholding

Determining UBO is relatively straightforward for a publicly listed company with direct shareholders. However, it becomes trickier when shareholding is disguised by multiple layers of indirect ownership. These ownership structures pose hefty risks and therefore require greater diligence on the part of compliance teams to demonstrate that they have taken all possible steps to identify UBO.

Beneficial ownership kan het beste gevisualiseerd worden als een reeks directe of indirecte relaties. In de volgende diagrammen hebben we de verschillende niveaus van ownership tussen belanghebbenden en entiteiten weergegeven. In dit voorbeeld is persoon P1 rechtstreeks eigenaar van onderneming C1 en bezit 30% van de aandelen. Persoon P2 is een indirecte eigenaar van onderneming C1 en bezit 70% van de aandelen.

This diagram visualizes a typical scenario that illustrates how organizations determine the UBO of a target company. In this situation, the shares are owned by multiple individuals. In this example, Person 2 owns 81.33% of the shares of A Holdings Ltd. The level and lower limit of ownership that an organization wants to work with depends, in part, on its risk appetite. Thorough identification of UBOs requires reliable information and, to the extent necessary, detailed research.

In this scenario, there are multiple levels of indirect ownership. The three stakeholders are clearly marked in orange boxes. In this case, Mr. Vos has a 32% interest in target company A. (50% x 65% = 32%), Mr. de Wit has 14% and Mr. Maas has 50%. Note: Mr. de Wit has both a direct and an indirect interest in company B.

Within this construct, organizations create a loop in which they own interests in other companies in the same loop as well as possibly shares in themselves. By adding up the ownership percentage of each company, for many organizations in the loop 100% of their ownership will be traceable to other companies in the loop. If not, then the deficit represents the percentage owned by individuals according to the shareholder register. These stated percentages will be lower than what the individuals actually own and manage when they are the only individuals involved in the loop.

Direct and indirect ownership: putting the puzzle pieces together

Beneficial ownership is best visualized as a series of direct or indirect relationships. In the following diagrams, we have depicted the different levels of ownership between stakeholders and entities.

In this example, person P1 is a direct owner of company C1 and owns 30% of the shares. Person P2 is an indirect owner of company C1 and owns 70% of the shares.