The bronID tools provide you with the flexibility to configure some of the IDV rules and the types of data/documents that your business relies on for identity verification.
To configure the identity verification rules (IDV rules), go to Settings > IDV rules and use the toggle to turn on or turn off the listed conditions in accordance with your identity verification requirements.
The following options are available:
- Resolve non-beneficially held shares. If this toggle is turned on, bronID will request a Trust Deed for the shares that are listed as non-beneficially held in the register records (applies only to 25% or more shareholding).
- Accept only certified documents. If this toggle is turned on, bronID will only accept certified copies when executing a KYB procedure on entities where a document upload is required (e.g. trusts, partnerships).
- Request an independent document to identify the Trustee of an SMSF. If this toggle is turned on, you must upload a reliable independent document (e.g. Trust Deed, Deed of Variation, etc.) in order bronID to confirm that the entered Trustee of an SMSF is correct.