In Penneo KYC, you can create both clients that are individual persons and clients that are legal entities.
- If you create a client that is an individual person, the AML process will only relate to that specific person.
When you create a client that is a person, the information on that person must be entered manually, as the system is not synchronized with the CPR register (it can only retrieve data from the CVR register).
- If you create a client that is a legal entity, the AML process will relate to that organization and to its owners.
Penneo KYC is synchronized with the CVR register, which means that the system will automatically obtain information on the legal entity - and you won’t need to enter data manually.