Including, but not limited to:
Societies
Clubs
Non-profits
Churches
Foundations
School boards
Co-operatives
Associations
Licenced managed intermediaries
Specified managing intermediaries
Body corporates
Where standard verification is undertaken with respect an Other organisations, the following “Client Information” will be requested from the Client contact (see Client contact):
Documentation (e.g. organisation rules, or letter from a solicitor) confirming the following details:
Name of organisation
Type of organisation (e.g. society, club)
Address of organisation
Registration number (if applicable)
Relevant individuals (e.g. directors, trustees)
Relationship to client (if not the client), e.g. shareholder
In addition, verification (see Client verification) will be initiated with respect to:
Any beneficial owners (see Beneficial owners); and
any individuals purporting to act on that partnership’s behalf (see Individuals acting on behalf)
Where enhanced verification is undertaken with respect to a client that is an Other organisation, the standard verification process (above) will be initiated with the following addition:
Source of Wealth or Source of Funds (see Source of Wealth) for the client will be requested
Where simplified verification is undertaken with respect to a client that is an Other organisation, the standard verification process (above) will be initiated with the following exception:
client verification (see Client verification) will not be initiated with respect to any beneficial owners (see Beneficial owners)