- An individual who holds a position of power or has the privilege to access confidential information
- Any person such as an officer, director, employee, family member, or significant shareholder, who has sufficient knowledge or influence over a company's operations
- An individual or organization with a close relationship with a debtor. This close proximity allows for the likelihood of non-standard transactions, which may require more rigorous review than those of independent parties
- The company's financial details were leaked by an insider who had access to this confidential information.
- As the director and a significant shareholder, he was considered an insider and had strong influence over the company's decisions.
- The transactions between the debtor and the insider were thoroughly scrutinized due to their close relationship.