Asset Finance

Tool / resource
Know your customer (KYC)
For full Asset Finance Applications you are required to provide and submit details for all individual Borrowers (including Sole/Joint Traders and Partner), Directors, Guarantors and Contact Persons in the Individual Customer Information Form for Asset Finance.

For all New to Bank Individuals (Borrowers/Guarantors/Directors/Contact Person) you must provide Certified Identification (ID) with your application.

For more information refer to Accredited Broker Process Flow for Asset Finance

Commercial finance

Tool / resource
Know your customer (KYC)
For New to Bank Organisations a nominated contact person is only required to complete the KYC Information for Individual Customers and Sole Traders/Joint Traders Form for all Individual Borrowers/Guarantors/Signatories/Joint Traders and Informal Partnerships.

For more information refer to Accredited Broker Process Flow for Commercial Lending

Anti-money laundering and counter-terrorism financing  

At CommBank we are committed to fighting money laundering and terrorism financing.

Under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006, the Commonwealth Bank is required to identify and verify new customers to the Bank before a designated product or service can be offered to the customer.

Ensuring we know who our customers are, helps protect against fraud.