Page 8 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION

Index I FIC Act
6
CHAPTER 3
FINANCING OF TERRORIST AND RELATED ACTIVITIES AND FINANCIAL SANCTIONS CONTROL MEASURES
PART 1: CUSTOMER DUE DILIGENCE
20A. Anonymous clients and clients acting under false or fictitious names
21 Identification of clients and other persons
21A. Understanding and obtaining information on business relationship
21B. Additional due diligence measures relating to legal persons, trusts and partnerships
21C. Ongoing due diligence
21D. Doubts about veracity of previously obtained information and when reporting suspicious and unusual transactions
21E. Inability to conduct customer due diligence
21F. Foreign politically exposed person
21G. Domestic politically exposed person and prominent influential person
21H. Family members and known close associates
PART 2: DUTY TO KEEP RECORD
22. Obligation to keep customer due diligence records 22A. Obligation to keep transaction records
23. Period for which records must be kept
24. Records may be kept in electronic form and by third parties
25. Admissibility of records
26. .. .
PART 2A: FINANCIAL SANCTIONS
26A. Notification of persons and entities identified by Security Council of the United Nations