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What is what is form best?

The Form BEST (Beneficial Owner Reporting Tool) is a compliance form used to report the beneficial ownership information of certain entities.

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Entities that are registered or conducting business in certain jurisdictions and that meet specific criteria for beneficial ownership are required to file Form BEST.

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The purpose of Form BEST is to promote transparency and help authorities track the individuals who ultimately own or control entities, thereby combating money laundering and other financial crimes.

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The information that must be reported on Form BEST includes the names, addresses, dates of birth, and identification numbers of the beneficial owners of the entity.