1. Where, taking into account the risk factors set out in Annexes II and III, the business relationship or transaction present a low degree of risk, obliged entities may apply the following simplified due diligence measures:
(a) verifying the identity of the customer and the beneficial owner after the establishment of the business relationship, provided that the specific lower risk identified justified such postponement, but in any case no later than 60 days of the relationship being established;
(b) reducing the frequency of customer identification updates;
(c) reducing the amount of information collected to identify the purpose and intended nature of the business relationship or occasional transaction or inferring it from the type of transactions or business relationship established;
(d) reducing the frequency or degree of scrutiny of transactions carried out by the customer;
(e) applying any other relevant simplified due diligence measure identified by AMLA pursuant to Article 28.
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