Financial Institutions, Designated Non-Financial Businesses and Professions, and Virtual Asset Service Providers shall apply Customer Due Diligence measures and conduct ongoing monitoring in respect of the Business Relationship, which shall include the following: 1. Scrutinizing Transactions carried out throughout the duration of the Business Relationship to ensure that such Transactions are consistent with the information available thereto regarding the Customer, the nature of their activities, and the risks they represent, including, where necessary, the source of funds. 2. Ensuring that documents, data, or information obtained as part of Customer Due Diligence measures are up to date and relevant, through reviewing records, with particular emphasis on records relating to categories of High-Risk Customers.
Interpretation and application must be checked against the official text and current version.