1. Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Service Providers shall be prohibited from establishing or continuing a Business Relationship or executing a Transaction where they are unable to apply Customer Due Diligence measures, and shall consider submitting a Suspicious Transaction Report to the Unit whenever necessary. 2. Where Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Service Providers suspect the commission of a Crime, they may refrain from applying Customer Due Diligence measures if they have reasonable grounds to believe that such measures may result in alerting the Customer, and shall submit a Suspicious Transaction Report to the Unit, stating the reasons for not applying such measures.
Interpretation and application must be checked against the official text and current version.