You need to keep records as part of your anti-money laundering and counter-terrorism financing (AML/CTF) obligations.
You must conduct customer due diligence (CDD) on your customers before you provide them with a designated service and throughout your bus
You must conduct initial customer due diligence (CDD) before you start providing your customer with a designated service.
Learn what reliance on customer identification by a third party is, when you can use it and how to manage the risk.
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An AML/CTF program must include KYC procedures to collect and verify a customer’s identity.
AML/CTF programs must document processes to identify and verify customers, and document when and how this is done.
Identifying the beneficial owner of a customer is an important part of applicable customer identification procedures.
An AML/CTF program must include processes to identify politically exposed persons (PEPs) and procedures to mitigate associated ML/TF risks.
Find out how you can identify your customers and verify that they are who they claim to be.