You may or may not remember having to provide true & correct certifications in your lifetime, but they are often required when doing things such as registering a new fund or applying for a new bank account. Other times they are required when providing true and correct copies of documents such as utility bills, passports, and IDs. It is important to know when you need these certified documents.
Often, working with a CPA or licensed attorney is necessary to obtain true and correct copies of documents. Notaries are also often used to certify copies of documents. However, if you choose to go to a CPA or attorney for these certifications, it can be cost-prohibitive. In other cases, it may be challenging to find a third-party to perform the necessary certification services.
The purpose of true & correct certifications is to ensure the content on a certain type of form is true, complete, and accurate. The certification is needed to verify that the copy of the document has not been changed from the original or tampered with in any way.
Some documents which may require true & correct certifications include:
- Birth certificates
- Driver’s licenses
- Passports
- Government IDs
- Citizenship cards
- Address information on bank statements and utility bills
- Marriage certificates
- Registers of shareholders and directors
- Articles of association
- Business registration certificates
When Is True and Correct Certification Required?
There are various business activities that require true & correct certifications. The opening of a bank account is one example that required certified copies of bank records and identification papers. Other cases requiring these certifications include permits, business incorporation, and new fund registration. You also need true and correct copies of documents for KYC or AML procedures or to verify info about customers or investors. Passports, IDs, and utility bills are also examples of documents that require true and correct copies of documents.
You can use a third-party service to handle your true and correct certification needs. Such a service can offer templates or customized verifications per your requirements. This type of service will allow you to use, create, or edit the reviewing criteria.
