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Product Update: Beneficial Ownership V2 is now available!

It's live! The next generation of Beneficial Ownership is now available in Green Check. Every account has a new dedicated area for owner information, which can be found in Accounts (People > Beneficial Owners), and there's a lot more you can do with it than ever before. Read on for more details.

Learn all about Beneficial Ownership in Green Check

BO Screenshot

Here's what you can do as of today 🎉:

✅ All owners in one place: Every owner on an account can be found in People > Beneficial Owners, with ownership percentage, details and identification, and certification status right there at a glance.

✅ Add and edit owners yourself: When ownership changes throughout the year, record it yourself instead of waiting on a new questionnaire.

✅ Alerts when ownership changes: When your client updates or adds an owner, you'll know about it right away, with proactive emails and in-app notifications.

✅ Collect at onboarding, confirm at every recertification: Collect beneficial owners when you onboard an account. For every recertification after that, your client is only asked to confirm, not re-enter everything they've already told you, making collection simpler for all.

Already collecting beneficial ownership in Green Check?

Existing owners are populated into the new tab automatically. We brought over every owner from previous questionnaires your clients have completed, with certification dates exactly as submitted. Nothing was sent to your clients, and there's nothing for you to do until it's time to recertify.

Not yet collecting it in Green Check?

All it takes is the Beneficial Ownership Questionnaire to get started. Go to Settings > Questionnaires to create a template, set the ownership threshold, and attach it to a due diligence template so it goes out automatically during onboarding.

What's coming next: Recurring sends, so Beneficial Ownership Questionnaires go out automatically timed to the account opened date, the Green Check account approval date, or a single date you choose. Additionally, beneficial owners will start pulling into FinCEN reporting so owner details don't get re-keyed.

— The Green Check Product Team