AML-1.8.2
(a) The customer due diligence measures applied by the introducer are consistent with those required by the FATF Recommendations;
(b) A formal agreement is in place defining the respective roles of the Capital Market Licensees and the introducer in relation to customer due diligence measures. The agreement must specify that the customer due diligence measures of the introducer will comply with the FATF Recommendations;
(c) The introducer is able to provide all relevant data pertaining to the identity of the customer and beneficial owner of the funds and, where applicable, the party/parties on whose behalf the customer is acting; also, the introducer has confirmed that the Capital Market Licensee will be allowed to verify the customer due diligence measures undertaken by the introducer at any stage; and
(d) Written confirmation is provided by the introducer confirming that all customer due diligence measures required by the FATF Recommendations have been followed and the customer's identity established and verified. In addition, the confirmation must state that any identification documents or other customer due diligence material can be accessed by the Capital Market Licensee and that these documents will be kept for at least five years after the business relationship has ended.
Amended: January 2022
Amended: July 2016
Added: October 2010
Amended: July 2016
Added: October 2010