Where a Licensed Person is undertaking a transaction with a firm licensed outside Kuwait through an omnibus account or for named clients through a designated account, a Licensed Person must compel the licensed firm to provide a written assurance that the identity of all the underlying clients has been verified in accordance with its local requirements. These requirements must be in line with those applicable in Kuwait. Where such an assurance cannot be obtained, the transaction should not be undertaken. Furthermore, the Licensed Person should implement the aforementioned CDD measures with respect to the following: 1. Before or during the course of establishing a business relationship with a client; 2. Before carrying out a transaction above the limit set forth in the Executive Regulations of the Anti-Money Laundering and Combating Financing of Terrorism Law for a client with whom the licensed person is not in an established business relationship, whether it is conducted as a single transaction or several transactions that appear to be linked; 3. Before carrying out a domestic or international electronic transfer for the client; 4. Whenever there is a suspicion of money laundering or terrorism financing; 5. Whenever there are doubts about the veracity or adequacy of previously obtained client identification data.