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  • Ongoing Monitoring

    • AML-2.2.10

      Capital Market Licensees must take reasonable steps to:

      (a) Scrutinize transactions undertaken throughout the course of that relationship to ensure that transactions being conducted are consistent with the capital market licensee's knowledge of the customer, their business risk and risk profile; and
      (b) Ensure that they receive and maintain up-to-date and relevant copies of the identification documents specified in Chapter AML-1, by undertaking reviews of existing records, particularly for higher risk categories of customers. Capital Market Licensees must require all customers to provide up-to-date identification documents in their standard terms and conditions of business.
      Amended: January 2022
      Amended: October 2017
      Added: October 2010

    • AML-2.2.11

      Capital Market Licensees must review and update their customer due diligence information at least every three years, particularly for higher risk categories of customers. If, upon performing such a review, copies of identification documents are more than 12 months out-of-date, the Capital Market Licensees must take steps to obtain updated copies as soon as possible.

      Amended: January 2022
      Amended: October 2017
      Added: October 2010

    • AML-2.2.12

      Capital Market Licensees must in addition to rules AML-2.2.10 and AML-2.2.11, maintain information and documents in respect to client transactions such as date of execution, value of transaction, type of Securities and identity of the counterparty.

      Amended: January 2022
      Added: October 2010