3.4 Verify a company, trust or SMSF

Transcript

Now let's verify a company, a trust, or a self-managed super fund. Start a new verification the same way. With client pays, you only send the link: your client's email and a matter reference. Your client chooses a business check and enters their own entity details. A business check is forty dollars, paid by your client. You pay nothing. We'll stop before pressing Send. Here's a trust check in progress. For a trust, the check stays incomplete until the trust deed is uploaded and every beneficial owner named in it is verified. The Owners tab lists the people behind the entity, like directors, trustees and appointors. Each one completes their own identity check. Every individual is screened for PEPs and sanctions. Anything that needs your attention shows up under screenings to review. Quick recap. Send the link with your client's email and a reference, and your client enters their entity details. Trusts need the deed and every beneficial owner verified. And check the screenings to review. Next up: training your staff.