Beneficial Owner

Beneficial owner

Find out who is registered as a beneficial owner for a company. Easily and efficiently.

  • Automate your AML & KYC screening process
  • Reduce time doing manual lookups in different systems
  • Ensure regulatory compliance and avoid unnecessary risk
beneficial owner

Use cases

Use our services to create smooth and compliant processes for screening and monitoring of beneficial owners.
beneficial owner api

Compliance & Risk

Minimize the risk of money laundering and terrorism financing, ensuring regulatory compliance.

Our API & webhook solutions enable a digital and automated KYC process.

beneficial owner kyc

Due Diligence

Save time conducting background checks and due diligence and make sure your business relationship is solid.

No more manual lookups using multiple tools, systems and sources!

beneficial owner api 2

Customer onboarding

Provide a swift onboarding process for your prospects, where KYC screening take place "behind the scenes".

A cleaner UX + Automated KYC = Better business!

Availability

Beneficial owner is available to use in the following Roaring products:

Technical details

Collect, verify and monitor information about beneficial owners

Beneficial owner refers to a person who, alone or together with someone else, ultimately owns or controls a company or organization, or an individual for whose benefit someone else acts. Checking who the beneficial owners of a company are, is part of the know your customer-process (KYC) and is mandatory, just like the requirements to check the customer against sanctions- and PEP lists. According to the EU Money Laundering Directive, all EU countries must have a register of beneficial owners, in order for banks and authorities to access who is behind a company. In the long run it will also help to fight money laundering and terrorist financing.

The API has two different endpoints, which means that you can search for and control a beneficial owner through two different paths.

Either you enter an organizational number and get a list of all beneficial owners in a company, or you enter a social security number and get a list of all companies in which the individual is a beneficial owner of.

Try our free sandbox experience to get started, including:

  • Docs, guides & support
  • Test objects for every API
  • Try-API-feature to see response data & structure
  • Available in Postman

Example response:

{
  "records": [
    {
      "beneficialOwners": [
        {
          "controlTypes": [
            {
              "code": "ART10",
              "description": "The person has control through shares, participations, memberships, agreements or provisions in for example the articles of association."
            },
            {
              "association": {
                "companyId": "5564866803",
                "companyName": "Swedec AB"
              },
              "code": "ART40",
              "description": "The person has control through other companies or associations."
            }
          ],
          "extentOfControl": {
            "code": "INTERVAL3",
            "description": "More than 50% but not more than 75%"
          },
          "person": {
            "birthDate": "1968-05-02",
            "citizenship": {
              "code": "NO",
              "description": "Norge"
            },
            "coordinationNumber": "",
            "countryResidence": {
              "code": "SE",
              "description": "Sverige"
            },
            "firstNames": [
              "Petra"
            ],
            "gdNumber": "",
            "middleName": "",
            "personalNumber": "196805029268",
            "surName": "Efternamn2401"
          }
        }
      ],
      "changeDate": "2020-05-12",
      "legalEntity": {
        "companyId": "5564866803",
        "companyName": "Aronfors Bygg och Teknik Aktiebolag",
        "type": {
          "code": "AB",
          "description": "Aktiebolag"
        }
      },
      "registrationDateTime": "2018-01-12T11:26:55.773",
      "representatives": [
        {
          "birthDate": "1937-01-30",
          "citizenship": {
            "code": "VETEJ",
            "description": "Kan inte fastställas"
          },
          "coordinationNumber": "",
          "countryResidence": {
            "code": "STATSLOS",
            "description": "Statslös"
          },
          "firstNames": [
            "Christina",
            "Birgitta",
            "Ulrika"
          ],
          "gdNumber": "",
          "middleName": "",
          "personalNumber": "193701308888",
          "surName": "Testsson"
        }
      ],
      "status": {
        "code": "EXIST",
        "description": "There are one or more beneficial owners."
      }
    }
  ],
  "status": {
    "code": 0,
    "text": "records found"
  }
}

API response content overview

Sweden

Norway

Finland

Denmark

Company ID

Name

Social Security Number

Birth Date / Birth Year

Citizenship

Address

Role

Type of Control

Extent of control - %

Ownership extent - %

Owners vote extent - %

Registration Date

History

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