Customs authorities, banks, and compliance teams in freight forwarding rely on the concept of the Ultimate Beneficial Owner (UBO): the natural person who ultimately owns or controls a company, whether through direct shareholding, layered corporate structures, or de facto management.
Source: https://ec.europa.eu/info/business-economy-euro/banking-and-finance/anti-money-laundering-and-countering-financing-terrorism/beneficial-ownership_en
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