FCBI Clause Samples

The FCBI clause, or Full Corporate and Beneficial Interest clause, serves to require a party to disclose all individuals or entities that have a direct or indirect ownership or financial interest in the contracting party. In practice, this clause obligates the party to provide detailed information about its shareholders, ultimate beneficial owners, or any other parties with a controlling interest, often as part of due diligence or compliance processes. Its core function is to promote transparency and prevent hidden interests, thereby reducing the risk of fraud, money laundering, or conflicts of interest in contractual relationships.