| Term |
Explanation |
| Client |
NIUM contracting entity (Platform Partner) |
| Customer |
Underlying corporate |
| Applicant |
Natural person (not an entity) filling out application on NIUM platform (to be corrected) |
| POI |
Proof of Identity |
| POA |
Proof of Address |
| SoW |
Source of Wealth |
| SoF |
Source of Funds |
| EDD |
Enhanced Due Diligence |
| UBO |
Ultimate Beneficial Owner |
| RFI |
Request for Information |
| LOA |
Letter of Authorization |
| PEP |
A PEP is someone who holds (or has held) a prominent public position; is family or close associates of a PEP |
