With Ultimate Beneficial Owner you can identify, in real time, the natural persons who own or control any Italian legal entity. Simplify your Customer Due Diligence (KYC) and comply with Anti-Money Laundering regulations (Legislative Decree 231/2007) through our dedicated API. Get accurate, up-to-date and structured data in just a few seconds, minimizing risks and optimizing operational processes.
The service performs a multi-level analysis to determine the Ultimate Beneficial Owner, ensuring a complete assessment of the ownership and control structure:
- Direct Ownership: Identification of natural persons holding more than 25% of the share capital.
- Indirect Ownership: Identification of natural persons holding more than 25% of the capital through controlled companies, trust companies or intermediaries.
- Effective Control: If ownership criteria are not sufficient, the person exercising actual control over the legal entity is identified (e.g. through shareholders’ agreements or other constraints).
- Representation/Management Powers (Residual Criterion): If even the effective control criterion fails, individuals with legal representation, administration or management powers of the company are identified.
All data is available starting from one of the following parameters:
- VAT Number / Tax Code
- REA and CCIAA
REQUEST EXAMPLE
GET /IT-ubo/{vatCode_taxCode_or_id}
This is an example request for the company with VAT Number 12485671007
GET https://company.openapi.com/IT-ubo/12485671007
The information included in the response is:
- First and Last Name
- Tax Code
- Date and Place of Birth
- Residence
- Positions
RESPONSE EXAMPLE
GET /IT-ubo/{vatCode_taxCode_or_id}
This is instead an example of the response obtained using VAT Number 12485671007 as a parameter:
{
"data": {
"UltimateBeneficialOwner": [
{
"FirstName": "MARIO",
"LastName": "ROSSI",
"TaxCode": "ABCDEF01G23H456I",
"DateOfBirth": "01-01-1980",
"CityOfBirth": "MILAN",
"BirthProvinceCode": "MI",
"BirthProvinceName": "Milan",
"Residence": {
"StreetType": "VIA",
"Street": "TORINO",
"StreetNumber": "1",
"PostalCode": "20121",
"CityCode": "MI146",
"CityName": "MILAN",
"ProvinceCode": "MI",
"ProvinceName": "Milan",
"RegionCode": "03",
"RegionName": "Lombardy"
},
"Positions": [
{
"Code": "AMD",
"Description": "CHAIRMAN OF THE BOARD OF DIRECTORS",
"Type": "POSITION"
}
]
},
Who it is ideal for
The Ultimate Beneficial Owner API service is the essential solution for all entities subject to customer due diligence obligations pursuant to Article 3 of the Anti-Money Laundering Decree, including:
- Banking and Financial Intermediaries: Banks, Payment Institutions, Postal Services, Real Estate Brokerage Agencies
- Other Financial Operators: Trust Companies, Credit Brokers, Mutual Guarantee Institutions
- Professionals: Accountants, Notaries, Lawyers and Statutory Auditors
- Non-Financial Operators: Trust/Company service providers, Gold traders, Real estate operators and Gaming service providers.
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According to anti-money laundering regulations, a Beneficial Owner is the natural person (one or more) who ultimately owns or controls a legal entity, or is its ultimate beneficiary.
All limited liability companies (ordinary SRLs, simplified SRLs, innovative start-ups, etc.), joint-stock companies (SPAs), partnerships limited by shares, and cooperative companies. These companies may also be established in consortium form.
The beneficial owner of companies with legal personality is the natural person who directly or indirectly holds ownership of a shareholding exceeding 25% of the capital.
If the ownership structure does not allow the identification of any person with this characteristic, the following criteria shall be considered, in order:
-
control of the majority of voting rights exercisable at the ordinary shareholders’ meeting
-
control of sufficient voting rights to exercise a dominant influence at the ordinary shareholders’ meeting
-
the existence of contractual arrangements that allow the exercise of dominant influence over the company
-
ownership of powers of legal representation, administration, or management of the company.
More than one beneficial owner may be identified within a company.
The beneficial owner of private legal persons is the natural person who holds one of the following roles:
-
founder, if still alive
-
beneficiary
-
holder of legal representation, management, or administrative functions.
More than one beneficial owner may be identified in a private legal person.
Entities subject to customer due diligence obligations are the categories listed in Article 3 of the Anti-Money Laundering Decree:
-
banking and financial intermediaries (e.g. banks, postal services, real estate intermediaries)
-
other financial operators (e.g. trust companies, credit brokers)
-
professionals (e.g. surveyors, notaries, accountants, lawyers)
-
other non-financial operators (e.g. service providers, professional gold traders, real estate agents)
-
gambling service providers.
The beneficial owner of trusts and trust-like legal arrangements is the natural person who holds one of the following roles:
-
settlor
-
trustee
-
protector
-
beneficiary
-
person who exercises control over the trust or the assets of the trust, through direct or indirect ownership or by other means.
More than one beneficial owner may be identified in a trust or trust-like legal arrangement
The main companies involved are:
-
limited liability companies
-
joint-stock companies
-
partnerships limited by shares
-
cooperative companies.
Private legal persons are associations, foundations, and other private institutions that acquire legal personality through registration in the Register of Legal Persons, maintained by the Prefectures and by the Regions and Autonomous Provinces
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Viale Filippo Tommaso Marinetti 221 - 00143 Rome - Business Register: 1378273, Share Capital: €50,000.00, VAT Number: IT12485671007, Recipient Code: 'USAL8PV' - Certified Email: 
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