Unity® Entity Management supports Know Your Client and Ultimate Beneficial Ownership Requests by providing numerous data fields for managing, recording and updating key information related to this kind of work.
GIIN (Global Intermediary Identification Number) Field:
To comply with FATCA, we have added a dedicated field for the GIIN. This simplifies tracking and management of FATCA-related information, ensuring streamlined compliance processes.
Expiry Date Fields for Passport and Driver's License:
We have specific fields to track the expiry dates of passports and driver's licenses. This enables proactive reporting and efficient document management, reducing compliance risks.
- Tax Residency Field for Entities:
The new "Tax Residency" field allows accurate reporting of an entity's tax residency for KYC purposes, ensuring compliance with tax regulations.
- FINCEN ID for Entity and Person Records:
The addition of the FINCEN ID field streamlines reporting and reduces information requirements. This prepares you for upcoming CTA filings, simplifying compliance and saving time.
By incorporating the GIIN field, expiry date fields, tax residency field, and a FINCEN ID field, you can streamline compliance processes, manage document renewals efficiently, and ensure accurate reporting.