The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 also requires collection of information regarding individuals who are beneficial owners of the company and persons who can act on behalf of the company when a new business relationship is formed with that company.1

If there is more than one Director – each Director will need to complete this section.

1 NOTE: A beneficial owner is an individual who has effective control of a company or who owns more than 25% of that company. Beneficial owners may include shareholders, senior management, such as the CEO, and any other person with effective control, such as some directors. A company can have more than one beneficial owner. You must identify all beneficial owners.

Acting on behalf of the customer is when a person is authorised to carry out transactions or other activities on behalf of the customer. This includes persons who have authority to act on behalf of the business, for example an accountant or persons able to transact on the business account.

As part of the application for a loan, we require you to sign the following privacy consent and waiver.
In respect of us providing you a credit facility and undertaking periodic reviews, and for the requirements of the Anti-Money Laundering and Counter Financing Terrorism Act 2009, you authorise us to make credit references and other enquiries within our normal procedures. For this purpose, we may from time to time seek, from any such sources and any credit reporting agency of our choice (“Credit Reporter”), information concerning you.

Credit Reporter: I understand that Kings Finance Limited (the Lender) is asking me for personal information about me so as to use the Credit Reporter’s credit reporting service to carry out a credit check on me. I understand that:

1. The Credit Reporter will give you information about me for that purpose.
2. You will give my personal information to the Credit Reporter, and that the Credit Reporter will hold that information on their systems and use it to provide their credit reporting service.
3. When other customers of the credit reporter use the Credit Reporter’s credit reporting service the Credit Reporter may give the information to those customers
4. You may use the Credit Reporter’s credit reporting services in the future for purposes related to the provision of credit to me. This may include using the Credit Reporter’s monitoring services to receive updates if any of the information held about me changes.
5. If I default in my payment obligations to you, information about that default may be given to the Credit Reporter and it may give information about my default to its other customers

Other Sources and holders of information.

1. I further agree that these terms will apply to the provision of finance from Kings Finance Limited.
2. I consent to the personal information provided in support of the application (whether in this document or otherwise (being held by the lender and to the information being used from time to time by the lender for all or any of the following purposes:
   1. For the lender to decide whether or not to grant a loan
   2. Administering the loan
   3. Enforcing payment and other legal obligations
   4. Supplying information to other parties such as debt collection agencies, solicitors, other creditors and employers and our relatives.
   5. Supplying the borrower and guarantor with information about services offered by the finance company.
3. I acknowledge and agree that item 2(d) may include supplying information to my family and other members of my household if the lender telephones me and is unable to speak to me directly.
4. I hereby authorise all persons to provide the lender and its successors and assigns with such information as they may at any time request about me with respect to items 2(a) to 2(d) above.
5. Further, the lender may provide personal information about its dealings with me (including any default in my payment obligations to you) to any third party listed in clause 2(d) above in relation to the matters referred to in 2(a) to 2(c) above.
6. Each borrower is aware and agrees specifically that the lender provide to the guarantor any information used by the lender which the lender considers should be provided also to the guarantor.
7. I promise that the information given in this application is correct to my best knowledge, information and belief.

We note that I am / we are entitled to request access to, and (if required) correction of, any personal information held about him / her by the lender.

Politically Exposed Persons (PEPs)

PEPs are individuals who are or have been, at any time in the last 12 months, entrusted with prominent public functions in a foreign country e.g. Heads of State or of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials. Immediate family members of PEPs (spouse, partner, child, parent) or close associates (those sharing ownership of a legal entity or arrangement) are also considered PEPs.