Tasks for company profiles

Evaluate potential fraud based on any matches to the company details.

Checks for this task: Fraud check

Forms can be added to this task.

API name: COMPANY_FRAUD_SCREENING

Find and verify entities with ownership and control of the onboarded company.

This task lists the company's global ultimate owners, beneficial owners, controlling shareholders, and shareholders, as well as any available information on the percentage of shares each one holds.

If you use Moody's Orbis as your company data provider, then global ultimate owners, controlling shareholders, and shareholders of the onboarded company that are categorized by Moody's Orbis as public authorities, states, or governments include the field Entity subtype with value Public authority, state, government.

The task shows the path to ownership from each associate where this is available from your data provider. Currently, only Moody's Orbis can retrieve the path to ownership data for the Assess company ownership task.

Contact us to discuss how to configure the Assess company ownership task for your data provider.

Once an individual or company is on the ownership list, they can be added to the Ownership verification list for verification. This can be done manually or automatically.

The following associates never get added to a verification list by automatic addition: Resigned officers, company secretaries, officers with a role of Other, and shareholders with an unknown share percentage.

Automatic addition to the Ownership verification list can be set to:

When adding to the list automatically, there is a limit of 100 direct associates.

You can manually add individuals or companies to the verification list using the New associate profile button on the profile task page.

Verification can be performed manually, or it can be performed automatically using an associate smart policy. If you're using an associate smart policy, you can configure the task to be marked as passed automatically when one of the following is done:

Checks for this task: Company data check

Forms can't be added to this task.

API name: COMPANY_ASSESS_OWNERSHIP

Evaluate a company's credit risk and verify its financial statements.

Checks for this task: Company data check

Forms can't be added to this task.

API name: COMPANY_ASSESS_FINANCIALS

Assess whether a company and associates have fraudulent merchant accounts.

Checks for this task: Merchant fraud check

Forms can't be added to this task.

API name: COMPANY_MERCHANT_FRAUD_SCREENING

Evaluate whether a company is sanctioned or has been named in an adverse way by any news source.

Checks for this task: Sanctions and adverse media screening

Forms can't be added to this task.

API name: COMPANY_ASSESS_MEDIA_AND_SANCTIONS_EXPOSURE

Evaluate a company's website content and assess its risk.

Checks for this task: Website content check

Forms can be added to this task.

API name: COMPANY_ASSESS_WEBSITE_CONTENT

Find and verify the individuals who are authorized to purchase and, where relevant, use the product on behalf of the company.

This task provides an Authorized persons list, which is initially empty. You add individuals to this list manually. You’re asked to provide the individual’s name and, if possible, their date of birth, email, phone number, nationality, and relationship to the company.

Note that if you add an authorized person with past tenure dates through the API, they will be considered a former authorized person and will not be added to the verification list.

It's not possible to import a list of authorized persons. Authorized persons are always added manually.

Once an individual is on the Authorized persons list, they can be verified. Verification can be performed manually, or it can be performed automatically using an associate smart policy.

If you’re using an associate smart policy, you can configure the Identify authorized persons task to be marked as passed automatically when all or a specified number of authorized persons on the verification list have been verified successfully.

Checks for this task: None

Forms can't be added to this task.

API name: COMPANY_IDENTIFY_AUTHORIZED_PERSONS

Identify and verify key decision makers at the board level, for example, directors and company secretaries.

This task provides an Officers list, which is initially empty. You can add individuals or companies to this list manually or configure Passfort to import them from your data provider automatically, along with any available information about their roles, the dates they were appointed, the dates they resigned, and their dates of birth.

Once an individual or company is on the Officers list, they can be selected for verification which moves them to the Officers verification list. You can configure the task so all officers or a specified number of officers are added to the verification list automatically.

The following associates never get added to a verification list by automatic addition: Resigned officers, company secretaries, officers with a role of Other, and shareholders with an unknown share percentage.

If you specify a number of officers, those who have been appointed the longest are selected.

Verification can be performed manually, or it can be performed automatically using an associate smart policy.

Checks for this task: Company data check, Company registry check

Forms can't be added to this task.

API name: COMPANY_IDENTIFY_OFFICERS

Identify and verify shareholders, individuals or companies, with significant voting rights and control.

This task provides a list of shareholders and beneficial owners associated with the company.

Once an individual or company is on the Shareholders list, they can be selected for verification which moves them to the Shareholder verification list.

You can configure the task to add shareholders to the verification list automatically.

The following associates never get added to a verification list by automatic addition: Resigned officers, company secretaries, officers with a role of Other, and shareholders with an unknown share percentage.

Automatic addition to the Shareholder verification list can be set to:

Verification can be performed manually or it can be performed automatically using an associate smart policy. If you’re using an associate smart policy, you can configure the task to be marked as passed automatically when one of the following is done:

Checks for this task: Company data check

Forms can't be added to this task.

API name: COMPANY_IDENTIFY_BENEFICIAL_OWNERS

Identify and verify key decision-makers at the board level, for example, chairs and secretaries.

This task provides a Trustees list, which is initially empty. You can add individuals or companies to this list manually or configure Passfort to import them from your data provider automatically, along with any available information about their roles, the dates they were appointed, and the dates they resigned.

Once an individual or company is on the Trustees list, they can be selected for verification which moves them to the Trustees verification list. You can configure the task so that all trustees or a specified number of trustees are added to the verification list automatically. If you specify a number of trustees, the ones who have been elected/appointed the longest are selected.

If an Officers verification list exists and is set to automatically add associates, then trustees added to the Trustees verification list are also added to the Officers verification list automatically.

Verification can be performed manually, or it can be performed automatically using an associate smart policy.

Checks for this task: Charities registry check

Forms can't be added to this task.

API name: COMPANY_IDENTIFY_TRUSTEES

Confirm a company's filings are in order and up to date.

Checks for this task: Company filings retrieval

Forms can't be added to this task.

API name: COMPANY_REVIEW_FILINGS

Confirm a company's bank account details are valid.

Checks for this task: Document verification

Forms can be added to this task.

API name: COMPANY_VERIFY_BANK_ACCOUNT

Verify whether a charity has charitable status.

If you configure Passfort to verify the status of the charity automatically, the following information that can be retrieved is displayed on the task:

Checks for this task: Charities registry check

Forms can be added to this task.

API name: COMPANY_VERIFY_CHARITY

Confirm whether a company's address is valid and associated with that company.

Checks for this task: Document verification

Forms can be added to this task.

API name: COMPANY_VERIFY_ADDRESS

Confirm a company is actively registered with the company registrar required for its jurisdiction.

If you configure Passfort to verify the company identity automatically, any of the following information that can be retrieved is displayed on the task:

Checks for this task: Company data check, Company registry check, Document verification

Forms can be added to this task.

API name: COMPANY_VERIFY_IDENTITY

Confirm a company's tax status is valid.

Checks for this task: Document verification

Forms can be added to this task.

API name: COMPANY_VERIFY_TAX_STATUS

Use this task however you like.

Gather additional information through task notes, document uploads, or a custom form.

With custom forms, you or a colleague completes the form manually.

Checks for this task: None

Forms can't be added to this task.

API name: COMPANY_MANUAL_TASK