(1) Where, in relation to any customer, a
Relevant Person is unable to conduct or complete the requisite Customer Due Diligence in accordance with AML Rule 7.1.1 it must, to the extent relevant:
(a) not carry out a transaction with or for the customer through a bank account or in cash;
(b) not open an account or otherwise provide a service;
(c) not otherwise establish a business relationship or carry out a transaction;
(d) terminate or suspend any existing business relationship with the customer;
(e) return any monies or assets received from the customer; and
(f) consider whether the inability to conduct or complete
Customer Due Diligence necessitates the making of a Suspicious Activity Report under AML Rule 13.3.1(c).
Relevant Person is not obliged to comply with (1) (a) to (e) if:
(a) to do so would amount to "tipping off" the customer, in breach of Federal AML legislation; or
(b) the FIU directs the
Relevant Person to act otherwise.