Earlier this year, we launched Beneficial Ownership to help you capture ownership information as part of the due diligence process, providing a standardized way to meet compliance requirements. The first version used a 10% threshold, which worked well for many FIs but didn’t address all policies.
Now, with this latest enhancement, you have more flexibility:
- ✅ Clone and customize → Create BO questionnaire versions with your own thresholds (e.g., 5%, 20%, 25%).
- ✅ Send one-time → Launch a BO questionnaire ad hoc and choose the threshold at that moment.
- ✅ Pick per template → When configuring a Due Diligence Template, select the BO version you prefer from a dropdown.
The default 10% questionnaire is still available, but you can now align BO collection with your institution’s compliance policies without manual workarounds. The best part? The Managed Questionnaire is still updated and maintained by Green Check.
Learn how Beneficial Ownership works in this detailed guide!
⚡ Beneficial Ownership just got more flexible. Move beyond the fixed 10% threshold—customize questionnaires, launch one-time versions, and make the process fit your program.