FC-1.1.2
Past version: Effective from 01 Jul 2007 to 30 Jun 2018
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(a) Carrying-out one-off or occasional transactions above BD 6,000, or where several smaller transactions that appear to be linked fall above this threshold;
(b) Establishing business relations with a new or existing customer;
(c) A change to the signatory or beneficiary of an existing account or business relationship is made;
(d) Customer documentation standards change substantially;
(e) The licensee has doubts about the veracity or adequacy of previously obtained customer due diligence information;
(f) A significant transaction takes place;
(g) There is a material change in the way that an account is operated or in the manner in which the business relationship is conducted; or
(h) There is a suspicion of money laundering or terrorist financing.
Amended: January 2007