How do I add a KYB for a company or trust?
Add the legal entity under Entities, and easyAML identifies the individuals who ultimately own or control it.
Any time a legal entity is involved in a matter - a company buying property, a trust as the purchasing vehicle, a corporate trustee, a partnership - it needs to be added as an entity before it can be tagged to a transaction:
- Open Entities in the left sidebar (open directly) and add the legal entity - Australian companies and businesses are looked up by ABN or ACN.
- For trusts (discretionary/family, unit or SMSF), easyAML's AI reader extracts the details from the uploaded trust deed.
- easyAML then identifies the individuals who ultimately own or control the entity (UBOs) - each of these gets a KYC.
- Link the entity to the transaction and track the outstanding checks from the transaction record.
Full walkthroughs: Adding and Managing Entities (Company) and Adding and Managing Entities (Trust).
Manuals: Adding an Australian Company KYB-01a (PDF) and Adding a Trust - KYB-01b (PDF).
Worked example of how many checks a structure needs:
For a 3-director company at 33% each buying property - how many checks?