HI @Bagpipe
Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR17), beneficial owners (for companies, LLPs and Partnerships) are those with 25% or more ownership.
Where the customer has beneficial owners, you would need to identify the beneficial owner and take reasonable measures to verify them, including verifying the identity of the beneficial owners.
It may be a good idea to add these to your client record in MLVerify and add the necessary checks.
If they’re an individual, you can simply add them as an associated person with the type of “Beneficial Owner”:
If they’re another legal entity, such as a limited company as an example, you would need to add them as a new client. However, you can add a note to the record, and use client tags to create a sort of relationship between them, if that makes sense?