UBO verification stands for Ultimate Beneficial Ownership verification. It is a process used to identify and verify the individuals who ultimately own or control a company or entity. UBO verification helps financial institutions, regulators, and other organizations comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations by ensuring transparency about who is behind a business. It also promotes trust and integrity in the financial system by making it more difficult for criminals to hide their activities behind complex corporate structures.