Collecting beneficial ownership information is crucial for regulatory compliance and mitigating risks within your supply chain. Laws such as the U.S. Corporate Transparency Act or the EU’s Fifth Anti-Money Laundering Directive (5AMLD) require companies to identify and report beneficial owners to prevent illegal financial activities.

Beneficial Ownership Checks for Entities

Regulatory frameworks often require companies to declare beneficial owners to maintain transparency and guard against illegal activities such as money laundering and terrorism financing.

Declaring Beneficial Owners

The unique features of the Tru ID give it traits of a truly resilient, highly-compliant, and globally useful identifier program that helps you protect your brand, discourage vendors from ripping you off (black market) or selling your authentic goods without authorization (grey market).

The Global Tru ID System

Global Tru ID System

Throughout your Tru dashboard you will see many statuses, tracking indicators, and levels of verification. This article is your go-to guide to answer any questions about those statuses.