KYC verification of unregulated trusts (AUS)
Use this API call to perform KYC verification of unregulated trusts.
Parameters
| Name | Type | Description |
|---|---|---|
country (required) | string | AUS |
name (required) | string | |
abn | string | 11 digits |
unRegulatedTrustType (required) | string | familyTrust / charitableTrust / testamentaryTrust / unitTrust / otherType |
registeredOfficeRequired (required) | string | address |
trustDeed (required) | string | base64 Data URI (JPG/PNG/PDF) |
stakeholders (required) | array | beneficiaries / trustee (*) / settlors |
unRegulatedTrustTypes options
| Option | Description |
|---|---|
familyTrust | Family Trust |
charitableTrust | Charitable Trust |
testamentaryTrust | Testamentary Trust |
unitTrust | Unit Trust |
otherType | Other Type |
Stakeholder types
| Name | Type | Note |
|---|---|---|
beneficiaries | individual | Individuals who directly or indirectly own 25% or more of the entity, or are entitled to 25% or more of the income or assets of the entity. |
trustee (required) | individual, privateCompany, publicCompany, governmentBody | |
settlors | individual |
Note on submitting stakeholders
For each company, the same individual can hold multiple stakeholder roles. For example, in a company, a person can be both a director and a shareholder. We strongly recommend submitting an individual in only one stakeholder role. If there is a specific role that must be included (i.e., is required), submit the individual in that role to avoid running multiple KYCs (identity verifications) for the same person within a single KYB, which would be redundant. This is a cost-effective approach. For instance, if John ok Citizen is both a director and shareholder of MY COMPANY, submit John ok Citizen as either a director or a shareholder, but not both. This will prevent duplicate charges for verification. Even if the individual is submitted under one role, bronID will map any additional relevant roles in the background and include them in the documentation.
Tags
You can add tags to your verification requests to help you organise your verifications by using the metadata_tags parameter. Read more about tags here.
Note on uploading documents: base64 encoded uploads must be submitted as a Data URI (with data format prefix). Example PDF format:
data:application/pdf;base64,JVBERi0xLjUKJYCBgoMKMSAwIG9i...
Runnable example
// api endpoint
const apiEndpoint = 'https://dev.bronid.com/verify';
// request body
const data = {
"metadata_version": "4",
"metadata_serviceUid": "XL7ULiU6B4QE9Y2iWFZnhtMDKFN2",
"metadata_secretKey": "api_sec_NJAtNcRtUrPlf7xYDrMNP9URI-ZfN314",
"metadata_userId": "yourUniqueUserId",
"metadata_tags": ["product1", "client1"],
"type": "unRegulatedTrust",
"fields": {
"country": "AUS",
"name": "My Unregulated Trust",
"abn": "16123456789",
"unRegulatedTrustType": "familyTrust",
"registeredOfficeRequired": "125 York Street, SYDNEY NSW 2000",
"trustDeed": "data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAUAAAAFCAYAAACNbyblAAAAHElEQVQI12P4//8/w38GIAXDIBKE0DHxgljNBAAO9TXL0Y4OHwAAAABJRU5ErkJggg=="
},
"stakeholders": [
{
"type": "individual",
"role": "beneficiaries",
"fields": {
"firstName": "Jane",
"middleName": "ok",
"lastName": "Citizen",
"gender": "female",
"dateOfBirth": "20/12/1982",
"unitNumber": "1",
"streetNumber": "95",
"streetName": "Lennox",
"streetType": "Street",
"suburb": "CASINO",
"postcode": "2470",
"state": "NSW",
"email": "email@gmail.com",
"country": "AUS"
}
},
{
"type": "individual",
"role": "trustee",
"fields": {
"firstName": "Dave",
"middleName": "ok",
"lastName": "Citizen",
"gender": "male",
"dateOfBirth": "20/12/1982",
"unitNumber": "1",
"streetNumber": "95",
"streetName": "Lennox",
"streetType": "Street",
"suburb": "CASINO",
"postcode": "2470",
"state": "NSW",
"email": "email@gmail.com",
"country": "AUS"
}
}
]
};
try {
const response = await fetch(apiEndpoint, {
method: 'POST',
headers: {
'Content-Type': 'application/json',
},
body: JSON.stringify(data),
});
if (!response.ok) {
const errorData = await response.json();
console.log('error! click the results to expand them');
console.log(JSON.stringify(errorData, null, 2));
} else {
const result = await response.json();
const printResult = 'bronId API response: ' + JSON.stringify(result, null, 2);
console.log(printResult);
}
} catch (error) {
console.log('Fetch error: ', error);
}