---
title: When our customer is a sole trader, who do we need to KYC?
description: When our customer is a sole trader, who do we need to KYC - A sole trader is treated as a distinct customer type because you need to verify both the business and.
---

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# When our customer is a sole trader, who do we need to KYC?

## Verify both the business (name, ABN, addresses, trading names) and the individual operating it.

A sole trader is treated as a distinct customer type because you need to verify both the business and the individual operating it.

**Information to collect about the sole trader business**

- Business name (trading or registered)
- ABN, where one has been issued
- Principal place of business
- Any other business names used to run the business in Australia

**Individuals to identify (KYC)**

- The individual operating the business.
- Anyone acting on the sole trader's behalf, plus their authority.
- Any party the sole trader is receiving the service on behalf of.
- PEP and sanctions screening on all identified individuals.

See AUSTRAC's [Initial CDD for sole traders (Reform)](https://www.austrac.gov.au/amlctf-reform/reforms-guidance/amlctf-program-reform/customer-due-diligence-reform/initial-customer-due-diligence-reform/initial-customer-due-diligence-guides-customer-type-reform/initial-cdd-sole-traders-reform) page.

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