AML/CTF Rules 2025 (Australia)
Part 6 Divisions 1 and 2: Initial customer due diligence minimums and delayed verification – AML/CTF Rules 2025 (Australia)

AML/CTF Rules 2025 (Australia) R6-1: Minimum KYC for sole traders

What does R6-1 require?

For an individual customer whose service relates to their business and is provided through an Australian establishment, the entity must collect at least the customer's full name, any business name, other names commonly used, a unique identifier for the business (or the customer if the business has none) and the principal place of business, and information about the nature of the business for the nature-and-purpose matter.

Maintained by Gerard Blokdyk

Other controls in Part 6 Divisions 1 and 2: Initial customer due diligence minimums and delayed verification – AML/CTF Rules 2025 (Australia)

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