Section 7I : Continuous Monitoring

The reporting Entity is required to exercise ongoing due diligence, including by carrying out the following activities:

(a) To closely examine the transactions of customers in order to ensure that such transactions are consistent with the information of a customer, the customer‘s business and risk profile thereon,

(b) To request for or examine the source of funds if it is necessary in relation to inquiry pursuant to clause (a),

(c) To review and update the document, data, details or information of customers, including Politically Exposed Person (PEP), high-risk customers or beneficial owners, their business relations, and transactions to ensure that persons kept up-to-date,

(d) To regularly monitor cross-border correspondent banking and wire transfer and such customers,

(e) To perform other functions as prescribed by the Regulator, Other functions as the reporting entity finds deemed necessary.

(f) To perform other functions that the Institute may deem fit.