(1) This regulation applies when a relevant person is required by regulation 27 to apply customer due diligence measures.
(2) The relevant person must -
(a) identify the customer unless the identity of that customer is known to, and has been verified by, the relevant person;
(b) verify the customer’s identity unless the customer’s identity has already been verified by the relevant person; and
(c) assess, and where appropriate obtain information on, the purpose and intended nature of the business relationship or occasional transaction.
(3) Where the customer is a body corporate -
(a) the relevant person must obtain and verify -
(i) the name of the body corporate;
(ii) its company number or other registration number;
(iii) the address of its registered office, and if different, its principal place of business;
(b) subject to paragraph (5), the relevant person must take reasonable measures to determine and verify -
(i) the law to which the body corporate is subject, and its constituti
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