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Ultimate Beneficial Ownership (UBO) Meaning

Ultimate Beneficial Ownership (UBO) refers to the natural person or persons who ultimately own, control, or benefit from a legal entity or arrangement, such as a company, trust, or account. Regulators and financial institutions require identification of UBOs to combat money laundering, tax evasion, and other financial crimes.

Determining UBO involves tracing ownership structures and voting rights to uncover individuals who have substantial control (e.g., 25% or more) or receive the economic benefits of an entity’s activities. In the cryptocurrency context, exchanges and custodians collect information about UBOs of institutional clients to comply with know-your-customer (KYC) and anti-money laundering (AML) regulations.

Transparency of beneficial ownership helps law enforcement trace illicit activity and enhances corporate governance by holding individuals accountable for the actions of their companies.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.