Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Service Providers shall apply Customer Due Diligence measures to Customers and existing Business Relationships at the time this Resolution enters into force, at such times as they deem appropriate based on materiality and risk, and shall ensure the adequacy of data previously obtained where Due Diligence measures were applied prior to the entry into force of this Resolution.
Interpretation and application must be checked against the official text and current version.