When is customer identification necessary?

Banks, insurance companies or other companies operating in the sector must identify their customers prior to commencement of the customer relationship. In addition, a customer must be identified and his/her identity verified if the underlying business transaction deviates from the ordinary or the service provider is suspicious of the origin or use of the funds. A customer must also be identified if the service provider suspects the veracity of previously obtained customer due diligence data. Enhanced customer due diligence requirements need to be complied with if the customer is a politically exposed person or a family member or close associate of such a person. Read more

 

What is market manipulation?

In the latest Market newsletter we write about market manipulation and application of the Market Abuse Regulation (MAR). We also discuss the European Commission’s proposal on new prospectus regulation. Articles other than those pertaining to IFRS enforcement will appear mainly in English. Market newsletter 3/2015 has been published in English on 19 January 2016.
Read Market newsletter 3/2015 (pdf)

 

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