Document ID: chunk:federal_register_of_legislation:C2025C00044:section:89
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 89
Character Range: 288350–290477

89  Applicable customer identification procedures—agent of customer

Standard anti‑money laundering and counter‑terrorism financing program
 (1) To avoid doubt, AML/CTF Rules made for the purposes of paragraph 84(3)(b) may require that Part B of a standard anti‑money laundering and counter‑terrorism financing program must provide that, if:
 (a) a customer of the reporting entity deals with the reporting entity in relation to the provision of a designated service through an agent of the customer; and
 (b) the customer does so in circumstances specified in the AML/CTF Rules;
one or more elements of the applicable customer identification procedure for the customer must involve the taking of steps specified in the AML/CTF Rules in relation to the agent.

Joint anti‑money laundering and counter‑terrorism financing program
 (2) To avoid doubt, AML/CTF Rules made for the purposes of paragraph 85(3)(b) may require that Part B of a joint anti‑money laundering and counter‑terrorism financing program must provide that, if:
 (a) a customer of the reporting entity deals with the reporting entity in relation to the provision of a designated service through an agent of the customer; and
 (b) the customer does so in circumstances specified in the AML/CTF Rules;
one or more elements of the applicable customer identification procedure for the customer must involve the taking of steps specified in the AML/CTF Rules in relation to the agent.

Special anti‑money laundering and counter‑terrorism financing program
 (3) To avoid doubt, AML/CTF Rules made for the purposes of paragraph 86(1)(c) may require that a special anti‑money laundering and counter‑terrorism financing program must provide that, if:
 (a) a customer of the reporting entity deals with the reporting entity in relation to the provision of a designated service through an agent of the customer; and
 (b) the customer does so in circumstances specified in the AML/CTF Rules;
one or more elements of the applicable customer identification procedure for the customer must involve the taking of steps specified in the AML/CTF Rules in relation to the agent.