Persona Help Center
Overview
The Business Associated Persons Report (BAPR) is used in KYB to surface associated persons for a given business. Associated persons of the company may include executives, employees, and/or UBOs. The BAPR currently supports businesses in the United States and the United Kingdom.
Organizations use the report to:
Conduct due diligence on a business and the individuals behind the business
Organizations who need to comply with AML measures will have to conduct verification of Ultimate Beneficial Owners. These owners are typically identified by the business before undergoing KYC. Organizations may want to use this report to surface associated persons and then cross-reference the results against identified individuals for additional assurance.
Set a foundation for KYB
Business Associated Persons Reports is one of the many Reports that Persona offers for KYB. The report is typically run after an initial Business Registry Verification and acts as additional "enrichment."
Interpreting the Business Associated Persons Report
The Business Associated Persons Report takes the Verified Business Record from the Business Registry Verification and searches against our data sources to return individuals, their position, and relevant ownership or control information.
For US businesses, the report searches against Secretary of State data sources and returns individuals, their position, and the number of registry records they are listed on.
For UK businesses, the report pulls Person with Significant Control (PSC) data from Companies House, the official UK registry. This includes name, date of birth, address, nationality, country of residence, and the nature of their control over the company.
Understanding Associated Persons
The BAPR surfaces different person types depending on the country of the business being reviewed.
| Person Type | US | UK | Description |
|---|---|---|---|
| Associated Persons | ✓ | ✓ | Individuals explicitly listed on a business registration, typically senior officers, owners, and registered agents. |
| Registered Agent | ✓ | A person or company designated to receive legal documents on behalf of a business. | |
| Ultimate Beneficial Owner (UBO) | ~ | ✓ | An individual who ultimately owns, controls, or benefits from a legal entity — typically defined as holding more than 25% of shares or voting rights. US UBOs may not appear given there is no public UBO database and no requirement to list them on a business registration. UK UBOs are sourced from Companies House PSC data. |
| Person with Significant Control (PSC) | ✓ | The UK regulatory equivalent of a UBO under the Companies Act — an individual or entity with significant control over a company, including appointing directors or holding majority voting rights. Treated as equivalent to UBO on this report. |
Interpreting UK UBO Data
For UK businesses, UBOs are displayed in a dedicated table. Each entry includes:
- Name — the individual or corporate entity
- Kind — e.g. Individual Person with Significant Control, Corporate Entity Person with Significant Control
- Control — ownership range (e.g. 25%–50%, 75%–100%)
- Natures of Control — the specific basis of control, such as ownership of shares or voting rights
- Details — expanding a row shows address, identification type, and a full description of the natures of control. A Ceased badge indicates the person's control has ended.
Frequently Asked Questions
How does this interact with the Associated Persons check in the Business Registry Verification (BRV)? This report acts as an initial enrichment, surfacing associated persons which may not be known.
On the other hand, the Associated Persons check on the BRV enables organizations to input an individual into the BRV and use any of those people to run match groups. This is helpful for when an associated person is already known.
Is UBO enrichment available for all businesses? UBO enrichment is only available in select regions. It is currently supported for UK businesses through Companies House and is enabled at the report template level. US businesses do not have UBO enrichment at this time given there is no public UBO database in the United States. Reach out to your account team to enable it for the relevant templates.
Will support for other countries be added? Yes — additional regions are on the roadmap. Contact your account team to share interest or learn more about planned availability.