High-Risk Ownership screening is the process of identifying and verifying the individuals and entities that have ultimate ownership or control of a company, trust or other registered entity regardless of the layers of ownership or control.
Ownership screening is important to prevent money laundering and ensure that a business is not inadvertently engaging with a counterparty that exposes the business to sanctions violations, money laundering and other legal and reputational risks.
Castellum.AI maintains a unique, risk-focused ownership database called High-Risk Ownership (HRO). This database is purpose built to flag high-risk ownership and corporate networks in a screening environments. While beneficial ownership checks are typically an investigatory process, our consolidated HRO database enables a binary screening process similar to screening sanctions or politically exposed persons (PEPs).
In addition to enabling compliance with OFAC 50% and similar regulations, Castellum.AI's HRO database covers high-risk corporate networks linked to forced labor practices, export control violations and linked trade, and other high risk networks.