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What Is The Customer Identification Procedure? |
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Answer» Customer identification MEANS identifying the customer and verifying his/her identity through reliable and INDEPENDENT DOCUMENTS, data and information. Banks would need to satisfy to the competent authorities that due diligence was observed in accordance with the REQUIREMENTS of existing laws and REGULATIONS. Customer identification means identifying the customer and verifying his/her identity through reliable and independent documents, data and information. Banks would need to satisfy to the competent authorities that due diligence was observed in accordance with the requirements of existing laws and regulations. |
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