CmaBylaw
Executive Bylaws
3-28 Collective Investment Schemes Of Module Sixteen: Anti-Money Laundering and Combating Financing of Terrorism
Section: Chapter Three: Clients
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Thursday, 16 February 2017
Where a Licensed Person acts for a client who is investing in a Collective Investment Scheme, it shall carry out CDD on the client and comply with the requirements of these Bylaws. Except that where the client is counterparty, the licensed person need not verify the identity of the beneficial owners that are investing through the counterparty provided that the requirements of Article (3-29) of this Chapter are met.
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