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Associated parties are verified on the Verify a Business screen (described under Verifying parties associated with a business). The activities involved are discussed in more detail below.
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Generally, parties that require verification are those that have a significant relationship with the business — e.g., they hold a controlling or beneficial interest or they impact its management and operations. Associated parties that do not have a significant relationship do not need to be verified. What constitutes “significant” is determined by your organisation — its legal obligations, policies, protocols (e.g., “Know Your Customer (KYC)”) or other requirements.
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*Business numbers vary by country. See Appendix A: Business Registers, for a listing of the types of business numbers greenID can look up and the registers it uses.