AML-1.1.8

Past version: Effective from 01 Oct 2010 to 30 Sep 2021
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Where capital market services are provided to a minor or other person lacking full legal capacity, the normal identification procedures as set out in this Chapter must be followed. In the case of minors, Capital Market Service Providers must additionally verify the identity of the parent(s) or legal guardian(s). Where a third party on behalf of a person lacking full legal capacity wishes to open business relations, the Capital Market Service Provider must establish the identity of that third party, as well as the person conducting the business.

October 2010