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AML-1.1.2B

Past version: Effective from 01 Oct 2017 to 30 Sep 2021
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Capital Market Service Providers must conduct ongoing due diligence on the business relationship, including:

(a) Scrutinizing transactions undertaken throughout the course of that relationship to ensure that the transactions being conducted are consistent with the institution's knowledge of the customer, their business and risk profile, including, where necessary, the source of funds; and
(b) Ensuring that documents, data or information collected under the CDD process is kept up-to-date and relevant, by undertaking reviews of existing records, particularly for higher risk categories of customers.
Added: October 2017