Maintaining Documentation
FC-2.2.10
Islamic bank licensees must take reasonable steps to ensure that they receive and maintain up-to-date copies of the identification documents specified in Chapter FC-1.Islamic bank licensees must require all customers to provide up-to-date identification documents in their standard terms and conditions of business.FC-2.2.11
Islamic bank licensees must review and update their customer due diligence information at least every three years. If, upon performing such a review, copies of identification documents are more than 12 months out of date, theIslamic bank licensee must take steps to obtain updated copies as soon as possible.
