Beneficial Ownership

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Capability/Beneficial Ownership
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Name Name of a concept, e.g. a data model concept. In contrast to terms, the name does not depend on a given context, e.g. a country-specific language. Beneficial Ownership (category: Business Insights, sort rank: 120)
Short description Informal and short human-readable definition of a concept. Natural person who ultimately own or control a legal entity
Description Informal and comprehensive human-readable definition of a concept. In order to ensure compliant business companies have to know with whom they are doing business. This does not just incorporate the name or the executive management of the business partner, but really the persons that own the company. These are so called beneficial owners. Identifying beneficial owners is tedious as companies interact with a large number of business partners and there are only few open transparency registers.

In particular anti corruption laws require knowledge about beneficial owners, also across different relationship levels of a company. Even intermediaries that ultimately own just few percent (e.g. 5 to 10%) of the company can cause issues, e.g. in case the owers include foreign government owners. I order to prevent corrupt payments to the foreign officials the owners need to be identified and potential risky relationships addressed accordingly.

Release status The release status in terms of development progress or maturity of a product feature or a business capability.<br/><code>EMPTY</code> (0): No feature considered yet, just rough idea for capability.<br/><code>IDEA</code> (1): Just an idea, not yet designed in detail.<br/><code>DESIGN</code> (2): Software design ready, development not yet started.<br/><code>DEVELOPMENT</code> (3): Software development in progress.<br/><code>ALPHA</code> (4): First functional release, in terms of a Minimal Viable Product (MVP).<br/><code>BETA</code> (5): Tested by selected users.<br/><code>RC</code> (6): Release candidate, fully tested, not yet used in production by many customers.<br/><code>LIVE</code> (7): Used in production by customers, fully monitored and supported.<br/><code>DEPRECATED</code> (-1): End of life planned, but still available.<br/><code>EOL</code> (-2): End of life, historic service, no longer available.<br/><code>BROKEN</code> (-3): Service was used in production but is currently not available. However, CDQ tries to repair or reactivate it. IDEA
Use cases Not used in any use case
Apps No app provides this capability
APIs No API provides this capability

Features

Feature Short description Informal and short human-readable definition of a concept. Release status The release status in terms of development progress or maturity of a product feature or a business capability.<br/><code>EMPTY</code> (0): No feature considered yet, just rough idea for capability.<br/><code>IDEA</code> (1): Just an idea, not yet designed in detail.<br/><code>DESIGN</code> (2): Software design ready, development not yet started.<br/><code>DEVELOPMENT</code> (3): Software development in progress.<br/><code>ALPHA</code> (4): First functional release, in terms of a Minimal Viable Product (MVP).<br/><code>BETA</code> (5): Tested by selected users.<br/><code>RC</code> (6): Release candidate, fully tested, not yet used in production by many customers.<br/><code>LIVE</code> (7): Used in production by customers, fully monitored and supported.<br/><code>DEPRECATED</code> (-1): End of life planned, but still available.<br/><code>EOL</code> (-2): End of life, historic service, no longer available.<br/><code>BROKEN</code> (-3): Service was used in production but is currently not available. However, CDQ tries to repair or reactivate it.
Beneficial Owner Identification Identify beneficial owners of a business partner IDEA
Restricted Beneficial Ownership Data Sources Proprietary or otherwise restricted data sources which can be enabled for retrieving beneficial ownership information IDEA
Shared Beneficial Ownership Data Sources Data sources which can be enabled for retrieving beneficial ownership information IDEA