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3.0 - AML/CTF program: Part B (customer identification)
In this module we will examine the requirements for Part B of your AML/CTF program, and consider processes and practices to meet this obligation. Part B requires reporting entities to implement applicable customer identification procedures.
Customer identification procedures include:
- collection of documentation-based and electronic-based information from the customer
- authentication, determining whether and in what circumstances an entity will take steps to determine if information provided has been forged, tampered with, altered or stolen.
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3.1 Who are customers?
3.2 Know your customer (KYC)
3.3 Identifying customers who may pose higher ML/TF risks
3.4 Identifying existing customers
3.5 Customer identification
3.6 Authentication
3.7 Relying on others to identify your customers
3.8 Customer identification record keeping
3.9 Customers' obligations
3.10 Ongoing customer due diligence (OCDD)
Summary
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