“People don’t know
what they want until
you show it to them…
Our task is to read
things that are not yet
on the page.”
– Steve Jobs
Introducing The ...
Ultimate Beneficial Ownership (UBO) Calculator
mANUAL cALCULATIONS LIKE THE ONE BELOW ARE NOW A THING OF THE PAST FOR YOUR FRONT LINE AML, KYC, CDD & eDD aNALYSTS
My name is Chris Hudson and, since 1995, I have been the Director of Mercantile Products Ltd. Primarily working within the UK’s Financial Services as a Contractor, I have experience of working with the ‘Big 4’ Banking Groups, in the areas of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
The teams I worked with were expected to understand the Beneficial Ownership Structure of the Legal Entity Business Customer and to establish which Beneficial Owners, be that Companies or Natural Persons, were required to be ‘Identified‘ or ‘Identified and Verified‘.
I am sure you have experienced new customers providing Beneficial Ownership information during ‘On-Boarding‘ or ‘In-Life‘ and there will have been many occasions when there was no other way but to use a pen and paper to calculate the Ultimate Beneficial Ownership structure, right down to the Natural Person(s) seen as owning the Legal Entity, similar to the hand written calculation above.
Whether your teams are Front Line Staff and Lenders or involved in Back Room Compliance, they will have completed many thousands of Know Your Customer (KYC), CDD or EDD Reviews and throughout this time they will undoubtedly have looked forward to the day when a calculating tool existed to make their job easier.
Well now it does and it’s here! and it will help make the role of your Analysts much easier as well as Save your Business Time and Money.
I know that with as little as only 5 minutes’ training your Teams will find this Unique Web Application to be extremely easy to use. It will Strengthen your AML Process and Transform your Training Manual, to enable you to provide a seamless and efficient Ultimate Beneficial Ownership calculation process.
Lastly, the UBO Calculator Tool is available through an easily accessible Web Application which readily translates into different languages.
UNIQUEly combining the Benefits of
Accuracy, Clarity & efficiency (ACE)
- ACCURACY by Intuitively Calculating the percentages as the Ownership Structure of your Commercial Customer is recorded into the Web Application
- Calculate Beneficial Ownership percentages over unlimited Layers
- Type in any percentage risk amount that you want to evaluate against, for example: 25% for Low to Medium risk or change this to 10% for High risk entities and it recalculates everything automatically
- No more laborious and incorrect manual calculations
- CLARITY by creating a Beneficial Ownership Structure that is colour-coded and can be ‘Visually Understood’
- The App automatically Colour Codes the Beneficial Owners that need to be ‘Identified’ or ‘Identified & Verified’ or those where such actions are simply ‘Not required’
- The Automatic Summary captures all the Ultimate Beneficial Owners in a list for ease of understanding
- EFFICIENCY by Speeding up and adding Strength to your AML Process
- Once registered you can Log in with your email address and secure password, add your company logo and start immediately
- Create and Print UBO charts in minutes with this easy to use, Web Application
- Print out or Print to File directly from your Web Browser
- The printout includes a Certification Statement that can be printed or forwarded as a PDF to be signed and dated by the customer’s representative
- Save the details you enter to enable you to Edit these again later ‘In-Life’ when future amendments may need to be made
Getting started is easy…
- Enter the ‘Risk Level’ (percentage %) figure that you want to evaluate your Commercial Customer against, for example: In the UK, Low to Medium Risk is 25% and for High Risk Customers this can be reduced to 10% or in some cases, for example in Colombia, this figure can be as low as 5%, if this is required
- Be amazed… as the chart Automatically Colour Codes all the cells to show you those entities whose further details you require…and, just as importantly, those that you do not require
- No need for a Calculator as Percentages are automatically calculated to establish the ‘Ultimate Beneficial Ownership’ (UBO) of the Legal Entity that is your Commercial Customer
- Easily map out your chart, to make it Visually Understood
- Just what you wanted!… a Web Application that saves your customer’s Ultimate Beneficial Ownership details or prints it out with a Certification Statement for your customer’s representative to sign and at the same time, it can be securely saved to a file to be updated later ‘In-Life’
support AND Strengthen your teams' abilities with the best tool available for the process
What’s the cost after the FREE 30-Day Trial?
Use the dropdown below to see that it is available annually for as little as £600 (plus any applicable taxes). Press the yellow Subscribe button below and on receipt of your payment you will receive your login and begin to use the Ultimate Beneficial Ownership (UBO) Calculator, as a Web Application with safe and simultaneous multiple user access.
What you will buy when you Subscribe...
A licence for one year to use the UBO Calculator Tool with automatic payment renewal unless you unsubscribe, but why would you? AML/KYC/CDD/EDD are here to stay!…
A free support link to a 5-minute Video Training Tutorial
The satisfaction of having Strengthened your Process with another key piece of the AML jigsaw, which will Save Time and Money and demonstrate to the Regulators that you are implementing simple, consistent and effective measures to combat Money Laundering.