Under the UK Anti Money Laundering Regulations 2017, Marlo Technologies Limited (“MARLO”) is obliged to understand who is the Ultimate Beneficial Owner (UBO) of each corporate client.
This requirement applies to both new customers and existing clients and MARLO may require you to complete an updated version of the Prequalification form every 6 months or when our routine monitoring makes us aware of possible changes in the UBO structure.
If you are an entity that exists as a legal person, such as a private limited company, public limited company, limited partnership, trusts, charities or other similar body then it likely that you will have one or more UBOs.
A UBO is an individual or individuals.
UBOs are in a position to exercise control over an entity through any of the following:
Effective control, as referred to above is exercised through any of the following:
The following questions must be answered to identify the UBOs of your organisation. Please note that there may be more than one UBO.
If you answered Yes to any of the questions, then please fill in the details of all UBOs on the Prequalification form, stating the %Share per UBO. If you answered all questions with No, it means there are no UBOs.
You must provide Proof of Identity and Proof of Residency for every individual listed in the UBO section.
Proof of Identity
We currently accept scan of a valid passport for proof of identity.
Proof of Residency
We currently accept either a bank statement or a utility bill, dated within the last 3 months, for proof of residency. We do not accept mobile phone bills or landline bills.
MARLO may also require additional documentary evidence to support the identification and verification of a UBO. This might include copies of share certificates, share registers, ownership or voting agreements, partnership agreements, declaration of trust or other evidence prepared by suitably qualified professionals.