The Individual Object

Individuals are physical persons associated with cases. In a KYC (Know Your Customer) application, a case contains a single individual. In a KYB (Know Your Business) application, a case may include multiple individuals who are linked to a company and may hold different roles or qualifications.

Types of Individuals in a Case

• Beneficial Owner – An individual who ultimately owns or controls a company, even if they are not listed as a legal owner.
• Legal Representative – An individual authorized to act on behalf of a company in legal and administrative matters, for examples the president or directors of the company.
• Shareholder – An individual or entity that owns shares in a company and holds ownership rights.
• Business Contact – A point of contact who has access to the client portal and receives email communications or reminders regarding the application.
• Signatory – A special type of business contact. The signatory is unique to the case and must either be a legal representative or be granted authority by a legal representative to legally and administratively engage with your organization.
• Delegator – If the signatory is not a legal representative, the delegator is the designated legal representative who has granted them the authority to legally and administratively represent the company.

Not relevant individuals

If you want to discard some individuals from the case analysis (discard their checks from tasks, exclude them from templates, hide them from the graph, hide them from the client client portal, disable monitoring) without deleting them or losing their historical data you can mark them as “not relevant”.

This might be useful for instance for previous UBOs or Legal Representatives that are no longer active in the company.