The bank has a duty to prevent money laundering. This check is part of your responsibility — never take it lightly, no matter how sympathetic the customer seems.
§Upon creation
- 01Confirm identity with valid identification
- 02Note the purpose of the customer relationship
- 03Clarify where the customer's funds come from
- 04Check if customer is a politically exposed person
§PLACEHOLDER_116
- 01Keep an eye on unusual or large transactions
- 02Be aware if behaviour doesn't match what you know about the customer
- 03Inform according to the bank's procedure if suspected.