CmaBylaw
Executive Bylaws
3-12 Of Module Sixteen: Anti-Money Laundering and Combating Financing of Terrorism
Section: Chapter Three: Clients
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Thursday, 16 February 2017
For the purpose of assisting a Licensed Person to identify the beneficial owner of an account, the licensed person must, when establishing a business relationship, ask whether the client is acting for his own account or for the account of another party or parties. For this instance, the licensed person must obtain a paper signed by the client upon establishing the relationship certifying that the client is the beneficial owner of the account, or request other types of documents that the Licensed Person deems necessary.
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