The bunch glossary

AML (Anti-Money Laundering)

Anti-Money Laundering (AML) regulations are critical protocols established to deter criminals from disguising illegally acquired funds as legitimate income.

BO (Beneficial Owner)

The natural person who enjoys the benefits of ownership in a security or property, even if the legal title is held by another entity.

BRN (Business Registration Number) / Handelsregisternummer

A unique identifier assigned to a business by the government or regulatory authority, used for official records and transactions.

BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht)

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), Germany's financial regulatory authority.

FATCA

A US law requiring foreign financial institutions to report accounts held by US taxpayers to the IRS.

FCA (Financial Conduct Authority)

The Financial Conduct Authority (FCA) is an independent regulatory body in the United Kingdom, responsible for overseeing and enforcing regulations in the financial services industry.

Invest Europe

An industry association representing private equity, venture capital and infrastructure firms across Europe.

KYC (Know Your Customer)

The process of verifying the identity and suitability of a potential investor or client, typically required by financial institutions and regulatory agencies.

UBO (Ultimate Beneficiary Owner)

It refers to the individual or entity that ultimately owns or controls, often equating to a 25% or more ownership stake, in a company or asset. The identification of UBOs ensures transparency and prevents illicit activities like money laundering.