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WatchEye · Relationships

Resolve an entity's ultimate beneficial owners

Resolving ultimate beneficial owners traces a business entity's shareholding relationships out to the natural persons behind it. Indirect ownership through other companies is followed, each person's stake is aggregated across every chain, and a threshold is applied. Every business that could not be fully traced is disclosed regardless of its stake.

  • Direct and indirect ownership aggregated per person, with the chains that produced it
  • Data gaps reported in full, so an incomplete picture is never presented as complete
For developers

After the technical detail?

For the technical detail, go to the API documentation. It holds the request and response schema, the integration guides and the error codes for this endpoint.

  • Request and response schema
  • Parameters, gaps and reasons
Go to the API docs

New accounts begin with sandbox access.

ISO 27001 certified Handled under Australian privacy law Every API call written to the audit log
What the check gives you

Answering who ultimately owns a business, and how sure you can be

A beneficial owner answer is two things: the people above the threshold, and an honest account of what could not be traced. This call returns both, evaluated as at a date you choose.

Who the owners are

Each confirmed owner at or above the threshold with their aggregated percentage and the ownership chains that contribute to it, naming the intermediary businesses on each chain.

What could not be traced

Every business whose ownership could not be fully traced, with the stake flowing through it, the untraced share, and the reason: no ownership data, an unknown percentage, incomplete ownership, circular ownership or maximum depth reached.

How complete the picture is

Fully traced is true only when there are no data gaps, circular detected is true when a loop was found, and applicable is false for any entity that is not a business.

How a check runs

A traversal, not a lookup

Relationships are declared on entities. This call walks the shareholding relationships from the business outwards, through holding companies and trusts, until natural persons remain, then applies the threshold.

The threshold defaults to 25% and only filters the confirmed owners list; data gaps are always reported. Ownership is evaluated as at today unless an as of date is supplied.

Related checks

Others in WatchEye Relationships

Create a relationship on an entity records the shareholdings this call walks. List an entity's relationships shows them. Show an entity reads the business at the top.

Questions

Questions we get asked about beneficial owner tracing

What does our system need to send?
The business entity's UUID in the path. Optionally a threshold from 0 to 100, default 25, and an as of date in YYYY-MM-DD format, default today.
What comes back?
Whether tracing applies, the threshold and as of date used, whether the structure was fully traced, whether a loop was detected, the confirmed owners with their percentages and chains, and the data gaps with their reasons.
Which relationships count?
The types that carry an ownership percentage, such as shareholder of, partner in and owner of. A relationship of one of those types with no percentage is reported as a gap with the reason unknown percentage.
What if the entity is not a business?
Applicable is false and both the owners and data gaps lists are empty. Only business entities can be resolved.
How many calls can we make?
The default rate limit is 600 requests per minute, enforced in a 60-second fixed window. Requests over the limit receive a 429 response, so pace requests evenly and back off before retrying. A higher limit can be arranged on a case-by-case basis.
Getting started

The first step to access is a conversation

Sandbox accounts are provisioned by your Global Data account manager. API keys are created and managed in the WatchEye portal, and the same endpoints serve sandbox and live; the account behind the key decides which environment you are in.

Call 03 9948 4089, 9am–5pm AEST Monday to Friday

ISO 27001 certified
Handled under Australian privacy law
Every API call written to the audit log