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In the Know Your Business process, how should I list owners if the owner is another entity?
In the Know Your Business process, how should I list owners if the owner is another entity?
Updated over 8 months ago

For ultimate ownership determination, trace back until you reach natural persons. For instance, if Fund A is 50% owned by you and 50% by Company B, which is further divided among individuals and another entity, list the individuals and stop at the entity level, as it doesn't represent a natural person. If no individual owns more than 25% in the chain, you may list 'None'.

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