The FinCEN rule defines a Beneficial Owner as each of the following: Each individual who directly or indirectly owns 25% or more of the equity interests of a Legal Entity customer. A single individual with significant responsibility to control, manage, or direct a Legal Entity customer, including an executive officer or senior manager (e.g., a CEO, CFO, COO, managing member, partner, president, vice president, treasurer, etc.) or any other individual who regularly performs similar functions. Beneficial Owner(s) must be a natural person, and cannot be another LLC or company.