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 ascertain the Ultimate Beneficial Owner, ensuring a complete analysis of the ownership and control structure:
- Direct Ownership: Identification of natural persons holding a share of more than 25% of the company’s share capital.
- Indirect Ownership: Identification of natural persons holding more than 25% of the share capital through subsidiaries, fiduciary entities or intermediated structures.
- Actual Control: If ownership criteria are not sufficient, the subject exercising actual control over the legal entity is identified (e.g. through shareholders’ agreements or other binding arrangements).
- Representation/Management Powers (Residual Criterion): If the actual control criterion also fails, subjects holding legal representation, management or executive powers within the company are identified.
All data is available starting from one of the following parameters:
- VAT number / tax code
- REA and Chamber of Commerce (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 contained in the response includes:
- First and last name
- Tax code
- Date and place of birth
- Residence
- Positions / Roles
RESPONSE EXAMPLE
GET /IT-ubo/{vatCode_taxCode_or_id}
This is an example of the response obtained using VAT number 12485671007 as parameter:
{
"data": {
"UltimateBeneficialOwner": [
{
"FirstName": "MARIO",
"LastName": "ROSSI",
"TaxCode": "ABCDEF01G23H456I",
"DateOfBirth": "01-01-1980",
"CityOfBirth": "MILAN",
"ProvinceCodeOfBirth": "MI",
"ProvinceNameOfBirth": "Milan",
"Residence": {
"StreetType": "STREET",
"StreetName": "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": "ROLE"
}
]
},
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 Agencies.
- Other Financial Operators: Fiduciary companies, Credit Brokers, Mutual Guarantee Institutions (Confidi).
- Professionals: Accountants, Notaries, Lawyers and Statutory Auditors.
- Non-Financial Operators: Corporate/trust service providers, Gold traders, Real estate operators and Gaming service providers.
REQUEST MONITORING
Through a dedicated endpoint, it is possible to enable a monitoring service for Company services, in order to receive notifications whenever updates occur regarding the company data of interest.
By configuring a callback, the system will automatically send a notification whenever changes are detected. The frequency of checks depends on the selected service; below are some examples:
- Every 7 days for the services: IT-aml, IT-marketing, IT-stakeholders, IT-full, IT-closed, IT-vatgroup, IT-sdicode
- Every 30 days for the services: IT-Start, IT-Advanced, IT-shareholders, IT-address, IT-pec, IT-name, IT-ubo, FR-Start, FR-Advanced, DE-Start, DE-Advanced, ES-Start, ES-Advanced, PT-Start, PT-Advanced, GB-start, GB-Advanced, BE-Start, BE-Advanced, AT-Start, AT-Advanced, CH-Start, CH-Advanced, PL-Start, PL-Advanced, WW-Start, WW-Advanced, WW-Top
The monitoring remains active for one year if the autorenew parameter is set to false
If the autorenew parameter is set to true, the service will be automatically renewed, provided that sufficient credit is available.
Do you need help?
Haven't found the answer you're looking for?
Fill in all the details, we will get back to you as soon as possible!
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
Yes, it is possible to activate a Company monitoring service through a dedicated endpoint, which allows you to automatically detect any updates to the company information of interest. By configuring a callback URL, the system sends an automatic notification whenever changes are detected, without the need for manual checks.
The frequency of checks depends on the monitored service:
Every 7 days for the following services: IT-aml, IT-marketing, IT-stakeholders, IT-full, IT-closed, IT-vatgroup, IT-sdicode
Every 30 days for the following services: IT-Start, IT-Advanced, IT-shareholders, IT-address, IT-pec, IT-name, IT-ubo, FR-Start, FR-Advanced, DE-Start, DE-Advanced, ES-Start, ES-Advanced, PT-Start, PT-Advanced, GB-start, GB-Advanced, BE-Start, BE-Advanced, AT-Start, AT-Advanced, CH-Start, CH-Advanced, PL-Start, PL-Advanced, WW-Start, WW-Advanced, WW-Top
The monitoring service has a duration of one year.
If the autorenew parameter is set to false, the service ends at the annual expiration; if set to true, the monitoring service is automatically renewed, provided that sufficient credit is available.
Carbon free energy for Our Cloud 
Low CO2
© 2024 Openapi SpA, a single-member company, under the direction and control of Open Holding Srl.
Viale Filippo Tommaso Marinetti 221 - 00143 Rome - Business Register: 1378273, Share Capital: €50,000.00, VAT Number: IT12485671007, Recipient Code: 'USAL8PV' - Certified Email: 
Openapi is certified in: Quality System **UNI EN ISO 9001:2015** - Data Quality **ISO 25012:2014** - Security Management **ISO/IEC 27001:2022** - Geneder Equality According UNI PdR 125:2022
All prices are net of any VAT, stamp duty, registration fees, or other taxes that may be due. All logos listed on the portal are copyrighted and owned by their respective owners.
