Chapter 2
in forceProvisions regarding customer due diligence
Section None
Provisions regarding customer due diligence
An institution shall perform customer due diligence for the purpose of preventing money laundering and the financing of terrorism.
In addition to Article 3, paragraphs two through four, the customer due diligence enables a bank or other financial institution, immediately after a…
An institution shall comply with Article 3, paragraph 2, points (a) and (b), and, where applicable, the third and fourth paragraphs of that article…
Without prejudice to Article 4, an institution is prohibited from entering into a business relationship with or executing a transaction for a client…
By way of derogation from Article 3, paragraphs two up to and including four, an institution may perform simplified customer due diligence if a…
Articles 3, paragraph 2, points (a) up to and including (c), (e) and (f), and 4 shall not apply insofar as an institution enters into a business…
An institution shall perform, in addition to Article 3, paragraphs two through four, enhanced customer due diligence in at least the following cases:
Without prejudice to Article 8, paragraph 1, an institution shall perform the following enhanced customer due diligence measures with regard to…
Our Minister of Finance and Our Minister of Justice and Security shall jointly establish a list of the functions that qualify as prominent public…
An institution may have the client due diligence, as referred to in Article 3, paragraph 1, insofar as it relates to the matters determined in the…
By way of derogation from Article 1, paragraph 1, for the purposes of this section, ultimate beneficial owner shall mean: the natural person who is…
Companies and other legal entities shall obtain and keep the information and documents referred to in Article 15a, paragraphs 2 and 3, respectively…
An institution shall report to the Chamber of Commerce any discrepancy it identifies between information regarding an ultimate beneficial owner that…
Where the client, the settlor of a trust, the trustee of a trust, the partner of a partnership, or the person authorised to manage the partnership is…