The method enables you to link an Ultimate Beneficial Owner to a legal payment account.
To be validated all Legal accounts need to provide their Ultimate Beneficial Owner information.
An Ultimate Beneficial Owner is a natural person that owns directly or indirectly (i.e. through another entity)
more than 25% of the shares/stock or voting rights of the legal entity, or a person having significant control over it
through other means. Any company established in EEA or EU is obliged to obtain and maintain this information with the competent
central register (as per article 30 of Directive 2015/843/EU).
Similar requirements may also exist in other countries.
In order to comply with AML-CTF legal provisions, payment institutions are required
to identify the beneficial owner(s) of a legal entity(i.e.a company or an organisation).
If the Legal Representative is also an Ultimate Beneficial Owner, you can specify this information when creating or updating a legal account.
Important This end point is soon to be deprecated, we advise you move to our new Online Onboarding system, which is faster and more effective. Contact your account manger or support information.
Use this endpoint to associate an Ultimate Beneficial Owner (UBO) with a legal payment account. All legal entities must supply UBO information to comply with AML/CTF regulations.
Key points:
- A UBO is any natural person who directly or indirectly owns > 25% of shares or voting rights, or otherwise exercises significant control over the entity.
- Under Article 30 of EU Directive 2015/843, companies established in the EEA/EU must register and maintain UBO data with the central registry.
- Similar UBO‑disclosure requirements may apply outside the EU.
- If the Legal Representative also qualifies as a UBO, you may indicate this when creating or updating the legal account.
Important: Whenever you see accountId in a path or body parameter, enter your wallet’s ID.