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what does the JMLSG Money Laundering Regulations require for customer identification?

April 26, 2017customer Identification jmlsg laundering money regulations require

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what does the JMLSG Money Laundering Regulations require for customer identification?

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“The Guidance Notes Say in Section 5.4.1 Identifying a customer is a two-part process. The firm first identifies the customer, by obtaining a range of information from him. The second part – the verification – consists of the firm verifying some of this information through the use of reliable, independent source documents, data or information.