Beneficial Owner

Updated 4 months ago by Layton Leow

Definition of Beneficial Owner

A “Beneficial owner” means:

  1. An individual who ultimately owns or controls (whether through direct or indirect ownership or control) more than 25% of the shares or voting rights of the customer; or
  2. Otherwise exercises control over the management of the customer. 

What are the necessary documents?

Each beneficial owner are required upload the following documents to the SLEEK platform:

  • Identity document (For passports, to have more than 6 months validity) and;
  • Proof of residential address (issued within the last three months).

Importance towards SLEEK

Sleek is a licensed Registered Filing Agent ("RFA") with the Accounting and Corporate Regulatory Authority ("ACRA") and a licensed Standard Payment Institution ("SPI") with the Monetary Authority of Singapore ("MAS"). As such Sleek is obligated to comply with the necessary Anti-Money Laundering/Countering the Financing of Terrorism ("AML/CFT") and Customer Due Diligence ("CDD") requirements stated by these regulatory bodies


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