Singapore legislation
Regulation 29
Regulation 29
Duty to perform CDD measures on a risk‑sensitive basis
A registered corporate service provider must perform the CDD measures in regulations 20, 21 and 22 and any simplified or enhanced CDD measures on a risk‑sensitive basis —
(a)
based on a customer risk assessment described in regulation 19 performed in respect of a customer; and
(b)
taking into account any CDD measures previously performed, the time when CDD measures were last performed, and the adequacy of documents, data or information previously obtained from that performance.