UBO, KYC, AML, CTF…
These are just some of the acronyms that form part of AUSTRAC’s substantial Anti-Money Laundering and Counter-Terrorism Financing processes and procedures in Australia.
The AML/CTF requirements for a lender are quite involved, but necessary for Australia’s safety.
The challenge is administering the requirements while minimising friction in a B2B asset or equipment sales process. This is where 3E Advantage can save you time and frustration.
Many Financiers pass this responsibility down to partners who introduce them transactions. Adding the requirements to their documentation and execution process. This may include identifying and documenting for verification the Ultimate Beneficial Owners for your client. Which is just one example of an additional step in the process that can cause a disruption to your sales process.
This is where partnering with an asset and equipment finance specialist that completes the process for you ensures the least amount of disruption for you and your client.
3E Advantage works with its supplier partners to identify what is needed for each transaction and assists in obtaining the requisite data/information from our partners clients in an efficient manner, to avoid any undue hold ups or complications.
If your asset and equipment finance partner has you as the supplier completing this administration, is it time you ask yourself why?
Remove the burden of additional administration so that you can focus on sales.
Speak with 3E Advantage about establishing your partner program with a full-service asset and equipment finance partner today. Let us free up your time to focus on selling to and servicing your clients.