What Measures Should be Taken
•
Identify and verify the customer and BOs using reliable,
independent data
,
including obtaining information on source of
wealth and funds
•
Understand purpose and nature of business, including
obtaining information on size, volume, expected nature and
level of transactions
•
Ensure continued CDD measures are carried out throughout
the course of the relationship in line with customer’s current risk
profile
•
For legal persons and arrangements - understand their
ownership and control structure
