Anti-Money Laundering and Countering Financing of Terrorism Bill 46-3 (2009), Government Bill

  • enacted
11 Basis for verifying identity
  • Verification of identity must be done on—

    • (a) the basis of documents, data, or information issued by a reliable and independent source; or

    • (b) any other basis applying to a specified situation, customer, product, service, business relationship, or transaction prescribed by regulations.