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UBO Disclosure Policy

Updated on

UBO Disclosure Policy Fundamentals

Quantum Rise conducts comprehensive Due Diligence on all counterparties (as well as prospective investors) to ensure complete transparency and clarity regarding Ultimate Beneficial Owners (UBOs). We strictly adhere to our UBO Disclosure Policy, which mandates absolute clarity and verifiable information about UBOs before entering any business transaction. Furthermore, all counterparties (who are legal persons) are required to obtain a valid Legal Entity Identifier (LEI code) as a prerequisite for any business engagement. If any uncertainty or lack of transparency regarding UBOs or a LEI code is not provided, we will not proceed with the partnership or transaction under any circumstances. You can register and maintain your LEI code here.

At a bare minimum, we need to know at least 76% of the legal entity ownership structure to the natural person(s).

Example

Suppose the legal entity is owned by two (2) other legal entities, e.g., company A and company B, each holding 50% of the shares. Then, we will need to know the ownership structure of companies A and B, and so on, until we reach the Ultimate Beneficial Owner(s), who must always be a natural person(s).

If both entities (Company A and Company B) are owned by other legal entities, the responsible person will also be required to reveal their ownership structure.