Algocandy

🔹 Definition An Ultimate Beneficial Owner (UBO) is the natural person who ultimately owns or controls a legal entity, such as a company, trust, or par…

🔹 Definition A Nominee Shareholder is an individual or entity that holds shares in a company on behalf of another person, known as the beneficial owne…

🔹 Definition The Register of Registrable Controllers (RORC) is a private register maintained by companies and limited liability partnerships (LLPs) in…

🔹 Definition A Nominee Director is an individual appointed to serve on a company’s board on behalf of another person or entity, usually without exerci…

🔹 Definition A Corporate Service Provider (CSP) is a professional firm or entity that offers business administration and compliance services to compan…

🔹 Definition A Registered Filing Agent (RFA) is a business entity registered with the Accounting and Corporate Regulatory Authority (ACRA) of Singapor…

🔹 Definition A Qualified Individual (QI) refers to a person who is authorized to act on behalf of a registered Filing Agent (FA) in transactions with …

🔹 Definition A Qualified Intermediary (QI) is a non-U.S. financial institution or intermediary that has entered into a formal agreement with the U.S. …

🔹 Definition A Ponzi Scheme is a type of fraudulent investment scam that promises high returns with little or no risk to investors, but instead of gen…

🔹 Definition Placement is the first stage in the money laundering process, during which illicit funds are introduced into the financial system or econ…