beneficial owner

Beneficial Owner

Beneficial Owner

Check beneficial owners of companies with searches based on an individual or a company.

beneficial owner

Beneficial owner checks

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.

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.

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.

Available countries

Svensk flagga Sweden

Norskt flagg Norway

finsk flagga Finland

dansk flagga Denmark

Beneficial owner

Common use-cases

  • Know Your Customer, KYC
  • AML Compliance
  • Verifying customer information

Content

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

“Through Roarings services we’ve been able to automate the KYC-process, meaning fast and easy compliance in the new digital corporate bank. No more forms to fill or long periods of assessment and handling!”

Victor Ramström CEO | Svea Bank
beneficial owner

More on beneficial owners

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.

When a company becomes a customer of a bank, the bank needs to find out who ultimately controls the organization. If the bank suspects that the stated beneficial owners are not correct, the bank will request an investigation, something the bank has a legal right to do. If the investigations result is substandard or if the bank finds reason to distrust it, the company should be denied as a customer.

{"message":"For Developers!"}

Try this API in our sandbox environment. It's free!

Docs: app.roaring.io/developer/apis

Example response:
{
  "legalEntity": {
    "type": {
      "description": "Aktiebolag",
      "code": "AB"
    },
    "companyId": "5564866803",
    "companyName": "Aronfors Bygg och Teknik Aktiebolag"
  },
  "otherAssociation": {
    "type": {
      "description": "Trust eller liknande juridisk konstruktion",
      "code": "TRUST"
    },
    "companyId": "0000000000",
    "companyName": "Trust Fond 2001"
  },
  "associationCollected": false,
  "falseInformation": false,
  "representatives": [
    {
      "personalNumber": "193701308888",
      "birthDate": "1937-01-30",
      "coordinationNumber": "",
      "firstNames": [
        "Christina", "Birgitta", "Ulrika"
      ],
      "givenName": "Birgitta",
      "middleName": "",
      "surName": "Testsson",
      "citizenship": {
        "description": "Kan inte fastställas",
        "code": "VETEJ"
      },
      "countryResidence": {
        "description": "Statslös",
        "code": "STATSLOS"
      },
      "gdNumber": ""
    }
  ],
  "beneficialOwners": [
    {
      "person": {
        "personalNumber": "196805029268",
        "birthDate": "1968-05-02",
        "coordinationNumber": "",
        "firstNames": [
          "Petra"
        ],
        "givenName": "Petra",
        "middleName": "",
        "surName": "Efternamn2401",
        "citizenship": {
          "description": "Norge",
          "code": "NO"
        },
        "countryResidence": {
          "description": "Sverige",
          "code": "SE"
        },
        "gdNumber": ""
      },
      "extentOfControl": {
        "description": "Mer än 50 % men inte mer än 75 %",
        "code": "INTERVALL3"
      },
      "controlTypes": [
        {
          "description": "Personen har kontroll genom aktier, andelar, medlemskap, avtal eller bestämmelse i exempelvis bolagsordning eller stadgar.",
          "code": "ART10"
        },
        {
          "description": "Personen har kontroll genom andra företag eller föreningar.",
          "code": "ART40",
          "association": {
            "companyId": "5567164818",
            "companyName": "Swedec AB"
          }
        }
      ]
    }
  ],
  "status": {
    "description": "Det finns en eller flera verkliga huvudmän.",
    "code": "FINNS"
  },
  "registrationDate": "2018-01-12T11:26:55.773"
}

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