Contego Version 1.79.1.3 - Release Notes

This document details the changes in North Row Release V1.79.1.3

Overview

The Ultimate Beneficial Owner (UBO) refers to the natural person(s) who ultimately(1) owns or controls a customer(2) and/or the natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement.

1 - Reference to “ultimately owns or controls” and “ultimate effective control” refer to situations in which ownership/control is exercised through a chain of ownership or by means of control other than direct control.

2 - This definition should also apply to beneficial owner or a beneficiary under a life or other investment-linked insurance policy.

Source: Glossary of the FATF Recommendation

Available at: http://www.fatf-gafi.org/glossary/a-c/   (Accessed online: 03 Dec 2018)

Roll-out

UBO will be rolled out to all customers performing Company Checks.

Performing a Company Check with UBO

To check a company for a UBO, first create Company Check:

Steps.

1. Create a new Company Check, either from Quick Search from the Check Menu > Business & Contacts

2. Populate the various fields in the Company Check as necessary

3.Select a profile configured for Company Checks

4. Perform the Company Check by pressing the Check Business button

5. Wait for the check to complete

6. Open the Data tab and expand the Ultimate Beneficial Owner Record node to view the associated UBO data.

  

In this example, the check was performed against a UK company, RESMED EUROPEAN HOLDINGS LIMITED, whereas the UBO is an American company RESMED INCORPORATED.

7. To view the Northrow PDF Report, switch to the Score tab and click on the PDF icon.

8. A new web browser window opens displaying the Northrow PDF report.

9. The report shows the same list of alerts / rules that were displayed on the Data tab of the user interface.

10. Scroll down the report to the section entitled Ultimate Beneficial Owner.

11. This section contains the same data that was shown on the user interface.

Latest Features

  1. Contego Version 1.81 - Release Notes
  2. Contego Version 1.80 - Release Notes
  3. Contego Version 1.79.1.3 - Release Notes
  4. Contego Version 1.79 - Release Notes
  5. Contego Version 1.77 - Release Notes
  6. Contego Version 1.76 - Release Notes
  7. Contego Version 1.75 - Release Notes
  8. Contego Version 1.74 - Release Notes
  9. Contego Version 1.73 - Release Notes
  10. Contego Version 1.72 - Release Notes
  11. Contego Version 1.71 - Release Notes
  12. Contego Version 1.70 - Release Notes
  13. Contego Version 1.69 - Release Notes
  14. Contego Version 1.68 - Release Notes
  15. Contego Version 1.67 - Release Notes
  16. Contego Version 1.66 - Release Notes
  17. Contego Version 1.65 - Release Notes
  18. Contego Version 1.64 - Release Notes
  19. Contego Version 1.63 - Release Notes
  20. Contego Version 1.62 – Release Notes
  21. Contego Version 1.61 - Release Notes
  22. Contego Version 1.58 - Release Notes
  23. Contego Version 1.57.1 - Release Notes.
  24. Contego Version 1.57 - Release Notes
  25. Contego Version 1.56 - Release Notes
  26. Contego Version 1.55 - Release Notes
  27. Contego Version 1.54 - Release Notes
  28. Contego Version 1.53 – Release Notes
  29. Contego Version 1.52 - Release Notes
  30. Contego Version 1.51 - Release Notes
  31. Contego Version 1.50 - Release Notes
  32. Contego Version 1.49 - Release Notes
  33. Contego Version 1.48 - Release Notes
  34. Contego Version 1.46 - Release Notes
  35. Contego Version 1.39 - Release Notes
  36. Contego Version 1.38 - Release Notes
  37. Contego Version 1.37 - Release Notes
  38. Contego Version 1.36 - Release Notes
  39. Contego Version 1.35 - Release Notes
  40. Contego Version 1.34 - Release Notes
  41. Contego Version 1.32 - Release Notes
  42. Contego Version 1.33 - Release Notes
  43. Contego Version 1.31 - Release Notes
  44. New: Biometric Residence Permit
  45. New: Documents Tab in the Check Results Pages
  46. New: Multiple Documents Per Check
  47. New: ID Document Picture in PDF
  48. New: Multiple Google search per contact
  49. New: All uploaded files now virus and compatibility checked
  50. New: Company checks now possible simply with company number
  51. New: Electricity bill upload and MPAN number verification added to checks
  52. New: Improved alerts/results window, data now summarised so you can quickly see the status of your client at a glance
  53. New: Documents can now be uploaded to a check without being processed by I.D.Checker
  54. New: Visualisation Tool (BETA)
  55. New: Social Media Checks
  56. New: Support for International Passports
  57. Auto-Populate Passport MRZ
  58. Managed Profiles
  59. Contego Version 1.59 - Release Notes
  60. Contego Version 1.60 - Release Notes

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