IQON brings together available registry and provider data with information collected directly from the customer to build and maintain the ownership picture.
Follow ownership through multiple layers to the people behind the company, record beneficial owners and relevant relationships, and act when ownership or control changes.
Ownership review
3 ownership levels
Build the ownership picture from available data, customer supplied information and the relationships between companies and people.
Follow ownership through multiple company layers to the individuals behind the structure.
Record identified beneficial owners, ownership percentages and the basis on which they have been registered.
Use available local registries and specialist data providers to populate and maintain ownership information.
Collect or confirm beneficial ownership directly from the customer when external data is incomplete or unavailable.
Capture directors, authorised signatories and other relevant roles alongside the ownership structure.
Record close relationships between owners where those relationships may affect beneficial ownership under the applicable rules.
Detect relevant changes in available ownership data and bring them into the ongoing KYC process.
Screen newly identified owners and connected persons, with relevant results creating work for review and further due diligence.
Revisit ownership information when required and keep the underlying data, declarations, checks and decisions with the customer record.
IQON combines available external data with information collected directly from the customer, maps the resulting ownership structure and keeps the outcome connected to the ongoing compliance process.
Retrieve available ownership and UBO information from registries and other data sources.
Collect or confirm missing ownership, beneficial owner and role information through the customer declaration.
Connect companies and individuals across the ownership chain and identify the people behind the structure.
Screen relevant owners and connected persons and bring results requiring attention into the review process.
Monitor available ownership data, trigger follow up when relevant changes are detected and revisit the relationship through periodic review where required.
Use ownership information throughout the customer lifecycle, from establishing who is behind a company to responding when that structure changes.
Establish ownership, beneficial owners and relevant roles while collecting the other information required to start the relationship.
Use the ownership structure and the people behind it as part of customer due diligence, screening, risk assessment and evidence.
Keep ownership information current and identify changes that may require screening, review or further due diligence.
Reconfirm the ownership picture at the required interval using the latest available data, customer information and previous decisions.
Ownership information varies significantly between jurisdictions. Where reliable registry data is available, IQON can retrieve and use it as part of the ownership record. Where direct access is not practical, regional or specialist data providers can provide additional coverage.
External data is not treated as the only source. Through the KYC self-declaration, the customer can confirm or provide beneficial owners, ownership percentages, relevant roles and relationships that may not be available from public sources.
IQON brings these sources together so the ownership record reflects the best available information for the relationship being reviewed.
Ownership information supports different due diligence processes depending on the customer, structure and regulated relationship involved.
Establish the people behind corporate clients and keep ownership information available for onboarding, reviews and ongoing KYC.
Maintain ownership and beneficial owner information across administered entities, including structures where public registry data is incomplete.
Identify the individuals behind companies, investors and holding structures as part of investor or client due diligence.
Understand ownership and control behind corporate clients and counterparties, including more complex or multi layer structures.