Which of the following is NOT a required aspect of KYC when executing a transaction for a new client?

The aspect that is not required in the Know Your Customer (KYC) process when executing a transaction for a new client is the number of the client's dependents. KYC is primarily focused on gathering information that helps to verify a client's identity and assess their risk profile in terms of potential money laundering or other financial crimes.

The client's occupation, address, and details regarding the size of the transaction in relation to income are all critical components of KYC. These elements help financial institutions understand the nature of the client's activities, verify their identity, and determine if the transactions are consistent with known profiles and expected behavior.

In contrast, the number of dependents does not directly contribute to the assessment of the client’s financial activities or their risk level concerning money laundering. Therefore, it is not considered a required aspect of KYC procedures. This distinction is important for institutions to focus their due diligence efforts on relevant and risk-sensitive information.