Key personnel means each individual who is any of the following:

• an individual with primary responsibility for the governance and executive decisions of the business (this may include an individual or multiple individuals who are part of a group)
• a beneficial owner of the business
• an individual who makes decisions or participates in making decisions that affect the whole or a major part of the business
• the AML/CTF compliance officer of the business.

For a business that is an individual (sole trader), key personnel means the individual.

See

AML/CTF Rules 2025 section 1-4 Definitions

Know your customer information (KYC information) means any information about a customer that either:

• provides reasonable grounds to establish certain matters required for initial customer due diligence
• enables you to identify or assess the ML/TF risk of the customer.

KYC information includes both information sourced from the customer and from other sources.

For example, the customer may provide KYC information about their identity while you may source other KYC information from searches online or third-party sources.