9‑7 Reports of threshold transactions—in

9‑7 Reports of threshold transactions—information about the customer and other persons

Reportable information—individuals (1) A reference in this section to reportable information means, in relation to an individual, the following information: (a) the individual’s full name; (b) any other names the individual is commonly known by (such as an Anglicised name, former name or business name); (c) the individual’s date of birth; (d) the individual’s gender; (e) the country or countries of which the individual is a citizen; (f) the country or countries the individual is treated as being a resident of for the purposes of that country’s tax laws. (g) the individual’s residential address; (h) the individual’s business addresses and postal addresses; (i) the individual’s telephone number; (j) the individual’s email address; (k) information on the individual’s occupation, business or principal activity; (l) a unique identifier for the individual; (m) a description of the reliable and independent data, if any, used by the reporting entity to verify KYC information relating to the individual in accordance with paragraph 28(3)(d) of the Act; (n) a reference number, if any, associated with the individual provided by an accredited entity (within the meaning of the Digital ID Act 2024) in the course of verifying KYC information relating to the individual in accordance with paragraph 28(3)(d) of the Act. Reportable information—non‑individuals (2) A reference to reportable information in this section means, in relation to a person who is not an individual, the following information: (a) the person’s full name; (b) other names used by the person (such as a former name or business name); (c) the country or countries in which the person was incorporated, formed or registered; (d) the country or countries the person is treated as being a resident of for the purposes of that country’s tax laws; (e) the address of the customer’s registered office; (f) the address at which the person’s business or principal activity is conducted; (g) the person’s postal address; (h) the person’s telephone number; (i) the person’s email address; (j) information on the person’s business or principal activity; (k) information about the legal form of the person (such as a partnership, company or trust); (l) the details of the person’s beneficial owners; (m) if the person is a body corporate—the full name and, if applicable, director identification number of the individual, or each member of the group of individuals, with primary responsibility for the governance and executive decisions of the body corporate; (n) if the person is an express trust, the following information: (i) the kind of trust (such as discretionary trust, bare trust or unit trust); (ii) the details of the trustee; (iii) the details of any settlor, appointor, guardian or protector of the trust; (iv) for a trust with no more than 10 identifiable beneficiaries—the details of the beneficiaries of the trust; (v) for a trust with more than 10 beneficiaries—a description of each type or class of beneficiary; (o) a unique identifier for the person; (p) a description of the reliable and independent data, if any, used by the reporting entity to verify KYC information relating to the customer in accordance with paragraph 28(3)(d) of the Act. Content of threshold transaction reports (3) The report must contain reportable information, to the extent it is applicable and known to the reporting entity, about the following persons: (a) the customer to whom the designated service was provided; (b) the transferor or transferee in the transaction (if different to the customer); (c) if the customer received the designated service on behalf of another person—that other person. (4) If the report is required to contain the details of another person (for example, a beneficial owner or trust) as part of the reportable information under subsection (1) or (2), then the report must also contain: (a) reportable information about that other person; and (b) if the application of paragraph (a) requires the report to contain the details of any other individual or non‑individual—reportable information about that other individual or non‑individual. Information about other persons acting on behalf of the customer (5) If the customer was represented in relation to the provision of the designated service by another person authorised to act on behalf of the customer, the report must (subject to subsections (6) and (7)) contain the following information: (a) a description of the relationship between the person and the customer; (b) a description of the authority for the person to act on behalf of the customer; (c) reportable information about the person. (6) Subsection (5) does not apply if the customer was represented by a person in the following circumstances: (a) the threshold transaction was a deposit in circumstances where there was no personal contact (such as using an automated teller machine or express deposit facility); (b) the transaction did not involve a virtual asset; (c) the person was acting in the course of a business of collecting, holding or delivering physical currency (such as payroll or cash courier services, but not including collection of donations for a registered charity). (7) If subsection (5) does not apply because the designated service occurred in the circumstances mentioned in subsection (6), the report must contain a statement as to the circumstances of the designated service.