Which of the following defines the control criteria for a beneficial owner?

The definition of the control criteria for a beneficial owner focuses on individuals who have significant influence or control over an entity. The correct choice, which indicates that a single individual in a leadership position with significant control qualifies as a beneficial owner, aligns with this understanding. Beneficial ownership specifically pertains to individuals who not only have authority within the organization but also wield substantial control that affects its operations and decisions.

In many regulatory frameworks, a beneficial owner is distinguished by the level of control they exert, which includes powers related to governance, decision-making, and financial interests. This means that a leadership role alone is insufficient unless that individual demonstrates significant control over the entity's actions and outcomes.

Other options do not accurately encompass the specific criteria for defining a beneficial owner. Ownership percentages, such as the threshold of 10%, may not fully address the concept of control, as the nature of influence varies significantly. Similarly, limiting the definition to only those in senior management or key stakeholders overlooks the broader context of control that can be exercised by individuals, ensuring a more comprehensive understanding of beneficial ownership.