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? U M T R I University of Michigan Transportation Research Institute April June 2007 Volume 38, Number 2 ISSN 0739 7100 UMT RI Director: Peter F. Sweat man UMT RI Associate Director: Jean T. Hope
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UMTR stands for Ultimate Beneficial Owner (UBO), Money Laundering, and Terrorist Financing Regulations.
Any individual or entity with ultimate beneficial ownership or control over a company or organization is required to file UMTR.
UMTR can be filled out online on the relevant government portal or submitted in person at the designated office.
The purpose of UMTR is to combat money laundering and terrorist financing by ensuring transparency in ownership and control of companies and organizations.
UMTR requires reporting of details such as the ultimate beneficial owner's name, date of birth, nationality, address, and percentage of ownership or control.
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