The UBO Declaration object
An UBO Declaration is an electronic version of the previous KYC document "Shareholder Declaration", in order to declare all the Ultimate Beneficial Owners of a BUSINESS-typed legal User (ie the shareholders with >25% ownership).
- Create each Ultimate Beneficial Owner as a Natural User, who must have a "DECLARATIVE"
Capacity. - Create a new UBO Declaration for your legal user, and link every Ultimate Beneficial Owners created previously thanks to
DeclaredUBOs. This list can be empty if your legal user has no Ultimate Beneficial Owner, or no eligible one (ie. no Ultimate Beneficial Owner that owns more than 25% of this company). - Edit the UBODeclaration object and set the
Statusfield to "VALIDATION_ASKED" (instead of "CREATED") - The demand is received by our team and once processed, it will either get a "VALIDATED" status, or "REFUSED" with more information provided in the
RefusedReasonTypesparameter
Note that UBO declarations are not yet a requirement for your user to be KYC verified and are optional at this stage
Parameters
Idstring:
Maximum length is 255 characters
The item's ID
CreationDatetimestamp
When the item was created
Tagstring:
Maximum length is 255 characters
Custom data that you can add to this item
UserIdstring:
Maximum length is 255 characters
The object owner's UserId
StatusUBODeclarationStatus
Status of a UBO Declaration
RefusedReasonTypeslist:
List of Refused Reason Type
Reason types for a UBO Declaration
RefusedReasonMessagestring:
Maximum length is 255 characters
Refused Reason Message for a UBO Declaration
DeclaredUBOslist
An array of UserIDs declared as Ultimate Beneficial Owners of a BUSINESS Legal User.