Article 20 AMLR – Customer due diligence measures 1.   For the purpose of conducting customer due diligence, obliged entities shall apply all of the following measures: (a) identifying the customer and verifying the customer’s identity; (b) identifying the beneficial owners and taking reasonable measures to verify their identity so that the obliged entity is satisfied that it knows who the beneficial owner is and that it understands the ownership and control structure of the customer; (c) assessing and, as appropriate, obtaining information on and understanding the purpose and intended nature of the business relationship or the occasional transactions; (d) verifying whether the customer or the beneficial owners … Continue reading Article 20 AMLRRead More →