Helping businesses stay compliant and prevent illegal activity.
Comprehensive Customer Reporting
CreditorWatch’s UBO reports help you comply with the Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) Act and Know Your Customer (KYC) procedures. Our sophisticated software scans ASIC reports and calculates ownership percentages to generate an easy-to-read PDF report revealing the beneficial owner(s) of an entity. Download UBO reports directly from your CreditorWatch dashboard.
Sophisticated Reporting Results
Identify Companies Beneficial Owner
A beneficial owner owns or controls 25% or more of a company – directly or indirectly. A company can have multiple beneficial owners which can include individuals and/or other holding companies.
CreditorWatch helps you identify beneficial owners with a single click. Avoid the complicated process of digging through ASIC reports and manually calculating ownership percentages of entities with complex structures.
Doing business with a non-individual customer (like a company, trust or association) has different risks compared to an individual customer.
Why is it necessary to
identify the beneficial owner?
Identifying your customers’ UBO plays a key role in detecting and preventing money laundering and terrorism financing. The AML/CTF Act requires certain businesses to check a customer’s identity by collecting and verifying information before providing any services to them. This also gives you the full picture of who you’re working with, so you’re better able to mitigate potential risks.
Identify to Protect
Your Business
Find out who your customers’ beneficial owners are with
CreditorWatch’s UBO reports.
Increase transparency across your ledger with a 14-day free trial.
