It helps most companies to stay in the line of Anti-Money Laundering compliance. With UBO, it is possible to determine the identities behind the ownership of companies linked to financial crimes. Conversely, UBO makes it possible to determine the face behind a company before transacting. Business entities that belong to anonymous UBOs are red flags and should undergo screening for financing terrorism or laundering money. Beneficial ownership sheds light on the fight against tax evasion. A lot of money gets lost to tax evasion, and thus, identifying UBOs associated with tax-evading companies will help to improve the economic sector.