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SOUTH JERSEY T TRANSPORTATION P LANDING O ORGANIZATION UNIFIED PLANNING WORK P PROGRAM FISCAL YEAR 2017 SOUTH JERSEY TRANSPORTATION PLANNING ORGANIZATION FY 2017 UNIFIED PLANNING WORK PROGRAM Draft
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The acronym s o u t stands for Statement of Ultimate Ownership.
Entities with ultimate beneficial ownership are required to file Statement of Ultimate Ownership (s o u t).
S o u t can be filled out online through the designated platform provided by the regulatory authority.
The purpose of s o u t is to disclose the ultimate beneficial ownership structure of an entity to improve transparency and combat money laundering and tax evasion.
S o u t requires reporting of details of individuals or entities with more than a certain percentage of ownership in the reporting entity.
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