- CASE STUDIES
Adequately verifying the identity and overarching ownership of organisations you are transacting with and fulfilling reporting requirements to regulators and stakeholders can be a cumbersome process.
Companies often have multiple levels of ownership, a labyrinth of stakeholders and business structures all increasing the number of entities that require verification. This increases the risk of non-compliance, reputational damage and regulatory fines, while causing friction and frustration for all parties involved.
greenID’s Business Verification solution enables your organisation to efficiently onboard business customers by automating checks that aid compliance with KYC, AML/CTF (Australia) and AML/CFT (New Zealand) requirements.
Verify the business registration number, name, and key parties of interest– such as directors and shareholders.
Reference a wide range of trusted data sources to verify business information, identity of the controllers and beneficiaries.
Simplifies the audit process by displaying a single electronic record of the verification result
Verify complex business entities including trusts, partnerships, companies and sole traders
Configurable verification rules for individuals to balance maximising match rates and ensuring compliance