Thanks for your replies in the other thread.
I was writing my reply and then after I posted it, I saw your post linking to this thread... so I'll ask it here, since I'm curious if Transpact has some flexibility:
I understand the need for verification, but in the case of established corporations, there should be some flexibility on a case by case basis... like for US or Canadian companies, you can usually look-up corporate info online.
EXCEPTIONS?
So how about this scenario:
- A company gives you the URL to their online corporate info listing at the government database web site.
- And you see that the disbursement payment wire transfer is going to that company name, to a US/Canadian bank account (with the bank account postal address also matching the government database listing).
- And if it helps, you can see their web site and the fact that it's a long-established company.
- And perhaps the company has also already bought or sold large amounts with Escrow.com / Transpact over the years.
...so shouldn't that be good enough? (I would be okay with that) And I think it complies with the rules you need to follow.
And in that case, why would you also need personal photo ID?
HUGE CORPORATIONS?
Plus, if the buyer is a huge corporation (perhaps even publicly traded, or private but owned by a billionaire), whose photo ID will you be asking for anyway? Some of those CEOs get paid huge salaries, and I can't see them being very comfortable sending their personal documents on behalf of a corporate purchase?
(and if you would ask a billionaire owner because they are the ultimate beneficiary, they would be even less comfortable)
So anyway, I think there should be an exception for the corporate scenario I describe above.
Thanks in advance for your replies