Beneficial owners are not limited to registered owners
The definitions include ultimate ownership, ultimate effective control or executive authority, and an individual on whose behalf services are engaged. The rules separately identify agents and connected parties, including directors or partners depending on the client's structure. These distinctions explain why due diligence can require examining control and representation as well as the customer's registered name.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official PDF ↗