ULTIMATE BENEFICIAL OWNERSHIP (UBO) – THE RISK OF NOT KNOWING
Entering into a contract or business relationship with a company without full knowledge of beneficial ownership, past or present, can introduce significant risk to an organization. Even an unwitting contravention of legislation such as anti-money laundering (AML), anti-corruption and bribery, can have extreme consequences .
A COMPLEX MULTI-LAYERED OWNERSHIP STRUCTURE 100%
PATENT O&J
1%
PT IRON MATERIAL RESOURCES
NOLTING BOTCHWOOD
100% SOLE DIRECTOR
WALENTY JAN SZAPEK
NOMINEE
COMPANY UNDER DUE DILIGENCE EXAMINATION DIRECTORS OF PT INDOSUKA DUA PERUSAHAAN PERTAMBANGAN
SHAREHOLDERS OF PARENT COMPANY
WHITE DOVERY PVT
SUBSIDIARY OF PT INDOSUKA DUA PERUSAHAAN PERTAMBANGAN
BONDHOLDER OF PARENT COMPANY
ABDUL BARAK ISMIL
CROMSWELL V10
**The names depicted in this graphic are fictitious. Any similarities to any person or company are merely coincidental.
COUNTERSIDE GROUP
5%
5.3%
85%
DIRECTORS OF PARENT COMPANY
ARRANGERS OF THE ACQUISITION OF HEARD AND EST GROUP PTE LTD AND PT O&J OBJECTIVES HOLDING CO.
UP60
SOLE SHAREHOLDER AND DIRECTOR
STROKKET CORPORATION
ULTIMATE BENEFICIAL OWNER OF PT INDOSUKA DUA PERUSAHAAN PERTAMBANGAN
AFFILIATES OF ARRANGERS
HANSIKA SADANNAND KALTHANII
100%
PARENT COMPANY OF PT INDOSUKA DUA PERUSAHAAN PERTAMBANGAN
ULTIMATE PARENT COMPANY OF HEARD AND EST GROUP PTE LTD
SOLE DIRECTOR
O&J TAURUS NOMINEE
99%
OTHER ASSOCIATE
SUBSIDIARIES OF PT O&J OBJECTIVES HOLDING CO.
ARRANGERS
O&J OBJECTIVES INC.
DIRECTORS OF PT INDOSUKA DUA PERUSAHAAN PERTAMBANGAN
PT O&J OBJECTIVES HOLDING CO.
4.7%
TERENCOINET LTD
20% SHAREHOLDER AND DIRECTOR
FAIZ GAMIL MOHAMMED AZIZ
DIRECTOR
BONDHOLDER
HEARD AND EST GROUP PTE LTD WULANDRI WAIKIKI MUMPURI
80%
DIRECTOR DIRECTOR MO NING GAO FU
FATHER HILMAN MUMPURI
VINA DESA YUDHOYONO
DIRECTOR
PT INDOSUKA DUA PERUSAHAAN PERTAMBANGAN
99.8%
PT BUMINAGA BATUBARA PRIMA
DIRECTOR 0.2% SHAREHOLDER, DIRECTOR AND COMMISSIONER
Strong AML programs and adequate knowledge becomes critical to avoid being confused by highly complex and multi-layered entities designed to hide the identity of UBOs involved in criminal activity. To stay ahead of the game, institutions need to assess their risk based approach, and in particular their approach to client on-boarding and risk assessments of existing customers. Organizations around the world choose Thomson Reuters Risk Managment Solutions to help mitigate their risk and safeguard their reputation. We offer: • Thomson Reuters Enhanced Due Diligence • Thomson Reuters FATCA
