myPOS clients and their related personal data

All of myPOS clients are legal entities (companies/corporations). The data about the sole traders is personal data under GDPR. The rest of the corporations/companies are not data subjects under the law. However, we are obliged to verify the identity of the business owner/authorised user, who is opening the Account (in case of company or other entity, referred to as “user opening the Account”). We are processing the personal data about this business owner/authorised user. The information regarding the company (with the exception of sole traders), including its risk profile and due diligence checks is not regulated by GDPR.