Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p26
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 71348–74354

4.2.13(2)(a) and (b), verification must be undertaken by the reporting entity through the use of reliable and independent electronic data from at least two separate data sources.
          Part 4.3 Applicable customer identification procedure with respect to companies

    4.3.1 In so far as a reporting entity has any customer who is a domestic or a foreign company, an AML/CTF program must comply with the requirements specified in Part 4.3 of these Rules.

    4.3.2 An AML/CTF program must include appropriate risk‑based systems and controls that are designed to enable the reporting entity to be reasonably satisfied, where a customer is a company, that:

        (1) the company exists; and

        (2) in respect to beneficial owners, the reporting entity has complied with the requirements specified in Part 4.12 of these Rules.

Existence of the company ‑ collection of minimum information

    4.3.3 An AML/CTF program must include a procedure for the reporting entity to collect, at a minimum, the following KYC information about a company:

        (1) in the case of a domestic company:

           (a) the full name of the company as registered by ASIC;

           (b) the full address of the company's registered office;

           (c) the full address of the company's principal place of business, if any;

           (d) the ACN issued to the company;

           (e) whether the company is registered by ASIC as a proprietary or public company; and

           (f) if the company is registered as a proprietary company, the name of each director of the company;

        (2) in the case of a registered foreign company:

           (a) the full name of the company as registered by ASIC;

           (b) the full address of the company's registered office in Australia;

           (c) the full address of the company's principal place of business in Australia (if any) or the full name and address of the company's local agent in Australia, if any;

           (d) the ARBN issued to the company;

           (e) the country in which the company was formed, incorporated or registered;

           (f) whether the company is registered by the relevant foreign registration body and if so whether it is registered as a private or public company or some other type of company; and

           (g) if the company is registered as a private company by the relevant foreign registration body ‑ the name of each director of the company;

        (3) in the case of an unregistered foreign company:

           (a) the full name of the company;

           (b) the country in which the company was formed, incorporated or registered;

           (c) whether the company is registered by the relevant foreign registration body and if so:

               (i) any identification number issued to the company by the relevant foreign registration body upon the company's formation, incorporation or registration;

               (ii) the full address of the company in