As part of our ongoing monitoring solutions, Contego has added new functionality so that we can track and alert clients when changes occur in beneficial ownership. A beneficial owner (BO) is defined as any entity that owns 25% or more of a given company and verification of BO's forms part of MLR compliance.
We can maintain a list of companies that have successfully passed a Contego check. When these companies submit their next annual return you will automatically be notified of any changes to beneficial owners; an alert will be emailed directly to you to ensure that you remain compliant.
If you would like further information please call +44 (0)1235 375 000
or email firstname.lastname@example.org