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# Types of registry lookups

Signicat offers two APIs, which are used for two different types of lookups.

  • Information API: Retrieve information about a customer or perform a one-time verification of the information they have provided. For example, you can confirm their address and business name, or find out whether they are a politically exposed person (PEP). To see the available endpoints and response samples, go to the API reference.
  • Person monitoring API: Receive periodic updates of a customer's attributes over time. If, for instance, a customer's address changes, you will be alerted. To see the available endpoints and response samples, go to the API reference.

These services can be used to look up both natural persons and organisations. The following tables show which attributes and countries are available. Note that each attribute corresponds to an endpoint in the APIs where it is available. Click the table headers for more information about each endpoint.

# Natural persons

Address lookup Address verification Basic information Finance
Austria Information
Denmark Information Information Information
Finland Information and monitoring Information
Germany Information
Norway Information and monitoring Information Information
Sweden Information and monitoring Information

# Organisations

Basic information Ownership Ultimate Beneficiary Owner (UBO) Roles Authorisations Screening Search (beta) Finance
Global Information Information Information Information Information Information
Belgium Information Information Information Information Information Information
Denmark Information Information Information Information Information Information Information Information
Finland Information Information Information Information Information Information Information Information
Norway Information Information Information Information Information Information Information Information
Sweden Information Information Information Information Information Information Information Information

# Data about natural persons

# Address

This endpoint returns the address of a given natural person. You have to provide some information about the natural person in the request, for example, their national identity number.The response will list all residential, postal, and foreign addresses registered for the person being searched.

# Address verification

This endpoint can be used to verify a natural person's address. Unlike the Address endpoint, it does not return the person's address, it just returns a value (true or false) to confirm that a given person is registered at that address you have provided in the API request. Therefore, this endpoint can only be used if you already know someone's address and just need to verify it.

# Basic information (person)

This endpoint contains standard information like name, address, birth information, and nationality.

# Finance

This endpoint can be used to retrieve financial information about a person. For example, their credit score and information about their income and wealth.

# Screening

This endpoint provides information about whether the person in question is a PEP (politically exposed person) or on a sanction list.

A politically exposed person is someone who has a prominent public function and, thus, presents a higher risk of involvement in, for example, bribery or corruption. Family members or close associates of such people are also considered PEPs. It is important to be aware of the PEP status of one's customers in order to apply any precautions that may be necessary.

Sanction lists are lists created by one or more countries or public bodies to apply commercial or financial penalties to individuals, groups, or entire countries. For example, the EU has sanctions which involve freezing the funds and economic resources of specific natural persons and organisations. In order to observe these restrictions properly, it is important to check that your customers are not included in any sanction lists.

Signicat currently covers the following standard sanction lists:

Sanction:

  • EU Consolidated list of persons, groups, and entities subject to EU financial sanctions.
  • UN consolidated
  • OFAC Specially Designated Nationals
  • HM Treasury - consolidated list of financial sanctions

Optionally, local national sanction lists can be enabled on request.

PEP:

# Data about organisations

# Basic information (organisation)

This endpoint provides standard information like trade names, address, organisation type, legal status, and industry sector.

# Ownership

This endpoint provides information about who the owners of an organisation are. Owners of an organisation can be natural persons or other organisations.

# UBO

This endpoint provides information about the Ultimate Beneficiary Owner of an organisation (UBO). UBO is a term that is used to describe the natural person who is the ultimate effective owner of an organisation, even if that person is not a direct owner of that organisation. For example, imagine a case where the company you need more information about is owned by another company, which is owned by a natural person. This UBO wouldn't appear in the ownership attribute, since they are not a direct owner of the company. Establishing the UBO can be very cumbersome, especially when ownership is distributed over different countries or passes countries like Liechtenstein or Bermuda.

As defined by the 4th EU AML directive (opens new window), a UBO is any natural person who, directly or indirectly:

  • holds at least 25% plus one share of the share capital, or
  • exercises at least 25% of the voting rights, or
  • is the beneficiary of at least 25% of the legal entity's capital

Note that this definition has been simplified and you should review the directive if you want to know more. Note also that each country may define even lower thresholds according to which a natural person can be considered a UBO, so it is always important to review the domestic laws applicable.

# Key terms

This section summarises some terms related to UBO that are used in the Information API.

  • direct ownership: This is the simplest ownership model. A person or entity is considered a direct owner of an organisation if they do not own it through another entity.
  • indirect ownership: A person or entity is considered an indirect owner of an organisation if they own an entity which, in turn, owns the organisation we are interested in. For instance, if John owns (or partially owns) Company A, and Company A is a direct owner of Company Z, that makes John an indirect owner of Company Z as well. Indirect ownership can have one or multiple paths: extending our example above, if John also owns a second company, Company B, and this entity is a part-owner of Company Z, that makes John the indirect owner of Company Z through two different paths. This will also affect how the indirect ownership percentage is calculated.
  • integrated ownership: The sum of direct and indirect ownership a person or other entity has in a specific company (source: T-rank (opens new window))
  • voting rights: Rights granted to a person or entity in connection with how many shares they own in an organisation. There typically is a direct correlation between shares owned and voting rights: if John owns 20% of the shares of Company A, his vote is worth 20%. However, note that voting rights can be restricted or expanded by using different types of shares (share classes). For example, one could define share classes which only give the right to receive financial returns on the investment, but without the right to vote at the shareholder's assembly.
  • voting power: A part-owner of an organisation can have more or less voting power based on how much they can impact a vote in different scenarios. Voting power is not directly correlated to shares owned (when those shares give the right to vote at the shareholder's assembly). For example, consider an organisation with three shareholders, two of which hold 49.5% of the shares each, with the third one, Natalie, holding only 1% of the shares. In any voting scenario in which the other two shareholders don't agree, Natalie will always sway the vote, which gives her a voting power of 50%.

The following links might be useful if you want to learn more about how different ownership models are calculated.

# Roles

This endpoint provides the personal details of natural persons who have a registered role in an organisation. This includes board members and daily management.

# Authorisations

These endpoints tell you about persons or organisations ("signees") who have been authorised to act on behalf of the organisation on a certain matter ("mandate"). We identify 2 different types of authorisations:

  • Signing rights, covering people with authorisation to sign and to act on behalf of the business in all matters.
  • Power of procuration, people with the authorisation to sign and to act on behalf of the business in specific, limited matters.

For both types of authorisations, we try to generate all possible combinations of required persons to achieve a certain mandate. This makes it easy for you to do automatic checks on mandates. You could for example automatically check the validity of a signed document by checking the signees with the list we provide (for the applicable mandate). If we cannot establish the possible combinations of persons (for a specific mandate), we will inform you about the mandates of individual signees.

# Screening

This endpoint tells you if the organisation is mentioned on any sanction lists. Sanction lists are lists created by one or more countries to apply commercial or financial penalties to individuals, groups, or entire countries. For example, the EU has sanctions which involve freezing the funds and economic resources of specific natural persons and organisations. In order to observe these restrictions properly, it is important to check that your customers are not included in any sanction lists.

# Finance (organisation)

This endpoint allows you to retrieve some financial information about an organisation. This includes information such as their credit rating, yearly profit / turnover figures.

Beta

This endpoint is in beta. Its functionality is subject to change without prior notice.

With the search endpoint, you can search for an organisation by name, in order to find out their organisation number.

Last updated: 18/11/2021 13:50 UTC