EBINAR: Do you want to know more about the new KYC / CDD Reliance Arrangements under the Amended AML/CTF Act & Rules?
It is a fundamental principle of the AML regime that the Applicable Customer Identification Procedures (aka KYC, identification and verification) must be carried out before the commencement of the provision of a designated service for a new customer (AML Act, Sect. 32). That is unless the exemption in Sect. 33 applies.