Search results with tag "Cdd measures"
THE MONETARY AUTHORITY OF SINGAPORE
www.mas.gov.sgthe CDD measures. Thus, paragraph 5 on simplified CDD allows a bank to take lesser measures than those specified in paragraph 4 of the Notice provided that the conditions for simplified CDD are met. This will largely be a matter for individual banks to assess, but the bank must be able to justify its decision.
Guidelines to MAS Notice 626 (Clean - Final)
www.mas.gov.sgCDD measures on the underlying investors. For instance, the portfolio manager may be reluctant, for commercial reasons, to reveal information on the underlying investors to the bank. In such circumstances, the bank should evaluate the risks arising from each case and determine the appropriate CDD measures to take.
Frequently Asked Questions in relation to Anti-Money ...
www.hkma.gov.hkOct 22, 2021 · Simplified and enhanced AML/CFT Systems Paragraphs 3.2 and 3.3 of the AML/CFT Guideline state that AML/CFT Systems can be simplified or enhanced, what does this mean? ... acting on behalf of the child and conduct the relevant CDD measures. 5. Paragraph 4.3.3 of the AML/CFT
Frequently Asked Questions in relation ... - Hong Kong dollar
www.hkma.gov.hkSimplified and enhanced AML/CFT Systems Paragraphs 3.2 and 3.3 of the AML/CFT Guideline state that AML/CFT Systems can be simplified or enhanced, what does this mean? ... customer and conduct the relevant CDD measures.] 5. Paragraph …