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Key personnel

Individuals who have the ability to influence business decisions over the entity’s finances and operations. The legal meaning of ‘key personnel’ depends on the type of entity as defined in the AML/CTF Rules.

See

AML/CTF Rules 2007 chapter 27.2 (9)

KYC information

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

  • provides reasonable grounds to establish certain matters required for initial customer due diligence, or
  • 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.