True/ False
Explain
Scenario
Name Me
100
True or False, A sole trader in Australia can have more than one business/operate multiple businesses and activities under the same ABN.
True
100
We are onboarding a Trust in Australia.
You noticed that the ABN and ACN don’t match.
Please, explain in your own words:
a. Why ABN and ACN don't match.
b. What type of Trustee it is.
a. ABN belongs to the trust and ACN belongs to the corporate trustee.
b. This is a corporate trustee.
100
We are onboarding an Australian Private Limited Company and the UBO List entitlement is triggered. Our customer sent us the ASIC Company Extract where you can see that the shares are non-beneficially held.
It is most likely that company is a trustee of a trust. If the trustee is an individual, we ask for the Trust Deed. If the trustee is a company, we ask for the UBO list for this company and the Trust Deed. Input the trust information in the comment section. Update the details of the beneficial owners / appointors/ unit holders in the shareholders section and request for UBO ID for all natural person listed in the shareholder section.
100
Name me the links where we can search for the business license when you are onboarding a company with the Company Category as Financial Services.
200
True or False, for the below scenario we can put the entity type as General Partnership.
Business name: A. N. Smith & L. M. Smith
Entity type on ABN document: Family Partnership
True.
200
What to do need to do when you see this traffic light in RED on the Verification page and Biz has a suspended transfer?
BUSINESS_CDD_FROM_ZERO_MEDIUM_RISK_AU
Send CDD recovery link email template via Zendesk.
200
We are on a BRC Review for an Australian Private Limited Company with the details below:
Company category - REAL_ESTATE_DEVELOPMENT
3 Shareholders
Business verified 2 years ago
How will you know if you need to request a UBO List or not? Are you requesting one in this case?
Yes, we will have to request a new UBO list as this is a private limited company with more than 1 shareholders and they their company category is REAL_ESTATE_DEVELOPMENT.
200
Name me the document customer should provide if Business_Shareholders_Check traffic light is in red?
UBO List.
300
True or False, we will need to escalate the case to the offshore team if we notice that based on the ACNC registry, it is a charitable trust.
True
300
Explain what will be the next steps if you see Must Verify Personal User Profile error even though Edentiti has passed, what should you do?
Check under Why are these traffic lights displayed?
If you see BORDERLESS_USD_BUSINESS_OPEN_BANK_DETAILS,then we need to verify the customer's ID document, as they're trying to open USD bank details.
300
During onboarding you notice the share structure in the Company Statement are as follows:
Company Share structure: Ordinary Shares 200
Members:
James Lee: Ordinary Shares 50
Mattheus Lee: Ordinary Shares 36
Alfonso Lee: Ordinary Shares 52
One Best Electrical Pty Ltd: Ordinary Shares 62
Determine the LESH/ Natural person shareholders we should add in the shareholder section.
James Lee, Alfonso Lee & One Best Electrical Pty Ltd
300
Name me the information we collect from the UBOs?
Choose all that apply.
- Date of birth
- Full Name
- ID
- Personal Address
- Country of Residence
- Date of birth
- Full Name
- ID
- Country of Residence
400
True or False, in the Trust Deed for a UNIT TRUST, you won't find information about settlor or appointor?
Trust
400
Explain the steps needed when ABN status is cancelled?
If the ABN is updated to Active, we can resume the verification.
400
When working on an Australia case, you notice that the business name in the registry is different to the business name in ninjas profile.
What should be the next step?
Use VHub to send a request on existence check for customer to upload
tax document from the past financial year
utility bill or bank statement from the past 3 months — not a mobile phone bill
ASIC record of name registration
Or, update your business name on Wise to match the register. Then let us know to check again.
400
There has been some changes to the Discretionary Trust you are onboarding in Australia. They changed the Trustee.
Name me the document we need to request from the business?
Deed of Amendment or Deed of Variation