{"id":833615,"date":"2025-07-31T08:43:35","date_gmt":"2025-07-31T06:43:35","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=833615"},"modified":"2025-07-31T09:02:33","modified_gmt":"2025-07-31T07:02:33","slug":"everything-you-need-to-know-about-ultimate-beneficial-owners-ubos-join-the-webinar","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/833615\/everything-you-need-to-know-about-ultimate-beneficial-owners-ubos-join-the-webinar\/","title":{"rendered":"Everything you need to know about ultimate beneficial owners (UBOs) &#8211; Join the webinar"},"content":{"rendered":"\n<p>Ultimate Beneficial Owners (UBOs) have become one of the most talked-about FICA topics, but they still often raise more questions than answers.<\/p>\n\n\n\n<p>nCino KYC Africa is therefore unpacking everything you need to know about UBOs in an upcoming webinar.<\/p>\n\n\n\n<p>The webinar, which was hugely popular with previous attendees, will take place on 20 August 2025 at 10:00, and will ensure you get all your burning questions answered.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/kycafrica.ncino.com\/everything-you-need-to-know-about-ultimate-beneficial-owners\/?utm_campaign=145935563-FY26%20Q3%20UBO%20Webinar&amp;utm_source=BusinessTech%20Article\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to sign up for the free compliance webinar<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Lowered threshold<\/h2>\n\n\n\n<p>FICA requires Accountable Institutions to identify and verify Ultimate Beneficial Owners. This is to prevent criminals from concealing ownership through complex structures.<\/p>\n\n\n\n<p>To further the fight against criminal activity in South Africa, the FIC (Financial Intelligence Centre) has recently lowered the threshold for identifying UBOs.<\/p>\n\n\n\n<p>It strongly recommends that institutions consider individuals holding 5% or more of an ownership interest in a business as having a controlling stake.<\/p>\n\n\n\n<p>This is a significantly lower threshold than the previous 25% threshold, and is a powerful tool in uncovering what criminals might try to hide.<\/p>\n\n\n\n<p>By looking closer at ownership structures, and accounting for individuals with over a 5% ownership stake, investigators are much more likely to identify scenarios where one person holds multiple smaller shareholdings across various entities.<\/p>\n\n\n\n<p>This is a common tactic used to maintain control while staying under the radar. <strong><a href=\"https:\/\/blog.kycafrica.ncino.com\/south-africas-new-ultimate-beneficial-ownership-ubo-guidance?utm_campaign=145935563-FY26%20Q3%20UBO%20Webinar&amp;utm_source=BusinessTech%20Article\" target=\"_blank\" rel=\"noreferrer noopener\">Read more about this tactic here.<\/a><\/strong><\/p>\n\n\n\n<p>Based on this, as an Accountable Institution, you must take several important steps to identify and verify all UBOs who exceed this 5% threshold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What you will learn<\/h2>\n\n\n\n<p>This webinar will provide actionable insight and address key questions such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>How do I determine who qualifies as a UBO?<\/li>\n\n\n\n<li>How should UBOs be integrated into my RMCP?<\/li>\n\n\n\n<li>And what does the 5% threshold mean for my business?<\/li>\n<\/ul>\n\n\n\n<p>If you\u2019ve asked any of these questions, this webinar is for you!<\/p>\n\n\n\n<p>As an added bonus, attendees will receive a newly created UBO Guide, which is packed with insights and tips to help you identify UBOs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Driving change in South Africa<\/h2>\n\n\n\n<p>As South Africa continues to strengthen its defences against financial crime, we move closer to not just exiting the FATF\u2019s grey list, but to building a robust financial system that is truly world-class in its integrity and transparency.<\/p>\n\n\n\n<p>This evolution will have far-reaching effects, potentially attracting more foreign investment, improving our global economic standing, and fostering a more ethical business environment domestically.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/kycafrica.ncino.com\/everything-you-need-to-know-about-ultimate-beneficial-owners\/?utm_campaign=145935563-FY26%20Q3%20UBO%20Webinar&amp;utm_source=BusinessTech%20Article\" target=\"_blank\" rel=\"noreferrer noopener\">View more information and register for the webinar here.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>nCino KYC Africa is unpacking everything you need to know about UBOs in a webinar that will take place on 20 August 2025. <\/p>\n","protected":false},"author":57,"featured_media":833616,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[7192,21826,23265,23114],"class_list":["post-833615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-fica","tag-ncino-kyc-africa","tag-ultimate-beneficial-owners-ubos","tag-webinar"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/833615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=833615"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/833615\/revisions"}],"predecessor-version":[{"id":833619,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/833615\/revisions\/833619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/833616"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=833615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=833615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=833615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}