Ultimate Beneficial Owner (UBO) Advisory Services
Ensure Compliance, Transparency & Risk Mitigation
Understanding and disclosing the Ultimate Beneficial Owner (UBO) is a critical requirement in today’s regulatory environment. UBO regulations play a pivotal role in global Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) efforts. At IQFA, we deliver comprehensive UBO Advisory Services in Dubai to help businesses comply with local and international regulations while enhancing corporate transparency and governance.
What is UBO?
The Ultimate Beneficial Owner refers to the natural person(s) who ultimately own or control a business directly or indirectly. Disclosing UBOs is mandatory in the UAE and essential to comply with AML, CTF, and Economic Substance Regulations Dubai. Non-compliance can result in heavy penalties and reputational risk.
Why UBO Compliance Matters
- Prevents money laundering, tax evasion, and financial crimes
- Enhances stakeholder trust and transparency
- Avoids legal risks and penalties
- Aligns with international AML/CTF standards
- Builds investor confidence and credibility
Our UBO Advisory Services
1. UBO Identification & Verification
- Identifying direct and indirect beneficial owners
- Documentation and verification support
- Reviewing ownership structures for compliance
2. UBO Compliance Consulting
- Advisory on UAE-specific UBO disclosure requirements
- Legal obligations across multiple jurisdictions
- Internal process development for ongoing verification
3. UBO Disclosure & Reporting
- Preparation and submission of UBO filings
- Regulatory reporting to UAE Ministry of Economy and others
- Ongoing compliance with Economic Substance and AML laws
4. UBO Structuring & Planning
- Structuring ownership to align with compliance and business goals
- Simplifying complex ownership arrangements
- Balancing transparency with confidentiality
5. AML / CTF Integration
- AML-compliant UBO processes
- Due diligence, internal controls, and SAR support
- Risk-based monitoring aligned with CTF standards
6. Ongoing UBO Monitoring
- Regular updates on ownership changes
- Compliance tracking with evolving regulations
- Proactive risk identification and reporting